Applications of Demand and Supply Analysis to Particular Markets

Description

A Levels Economics (Unit 1, 2 The Allocation of Resources in Competitive Markets) Mind Map on Applications of Demand and Supply Analysis to Particular Markets, created by beth2384 on 12/30/2013.
beth2384
Mind Map by beth2384, updated more than 1 year ago
beth2384
Created by beth2384 about 11 years ago
149
0

Resource summary

Applications of Demand and Supply Analysis to Particular Markets
  1. Apply the model of basic demand and supply to the following markets...
    1. oil and copper markets
      1. agriculture (farming)
        1. housing
          1. health care
            1. sport and leisure
                1. leisure activities are normal goods so with increased income there will be increased demand for leisure activities (high income elasticity of demand)
            Show full summary Hide full summary

            Similar

            Using GoConqr to study Economics
            Sarah Egan
            Economics
            Emily Fenton
            AN ECONOMIC OVERVIEW OF IRELAND AND THE WORLD 2015/16
            John O'Driscoll
            Economics - unit 1
            Amardeep Kumar
            Using GoConqr to teach Economics
            Sarah Egan
            Functions of Money
            hannahcollins030
            Comparative advantage
            jamesofili
            GCSE - Introduction to Economics
            James Dodd
            Market & Technology Dynamics
            Tris Stindt
            PMP Formulas
            Krunk!
            Aggregate Supply, Macroeconomic Equilibrium, The Economic Cycle, Economic Growth, Circular Flow and Measuring National Income
            Hannah Nad