The Nature of Demand

sarahsing
Mind Map by , created over 5 years ago

Mind Map on The Nature of Demand, created by sarahsing on 04/20/2014.

26
1
0
sarahsing
Created by sarahsing over 5 years ago
Utilitarianism
Alexa Smith
Kantian Ethics
Alexa Smith
The Cosmological Argument 1
emily.mcauliffe
Cell Structure
daniel.praecox
GCSE AQA Biology 1 Quiz
Lilac Potato
INFLATION
John O'Driscoll
Using GoConqr to study Economics
Sarah Egan
Henry VII Rebellions, political power and control
hawkhigh
Biology F212 - Biological molecules 1
scarlettcain97
The Approaches
Emma Chell
The Nature of Demand
1 Demand
1.1 Definition
1.1.1 Quantity bought
1.1.1.1 Given period
1.2 Influences
1.2.1 Price of good
1.2.2 Price of other goods
1.2.3 Income
1.2.4 Preferences
2 Individual and Market Demand
2.1 Market
2.1.1 Brings buyers together
2.1.1.1 Same influences
2.1.2 Total Quantity
2.1.2.1 All Buyers
2.1.2.1.1 Any Price
3 Demand and Price
3.1 Ceteris Paribus
3.1.1 Other things being equal
3.2 Demand Curve
3.2.1 Quantity Demanded
3.2.1.1 Any price
3.3 Law of Demand
3.3.1 Inverse Relationship
3.3.1.1 Quantity Demanded
3.3.1.2 Price
3.3.1.3 Downward Sloping
3.4 Snob effects
3.4.1 Rolex
3.4.2 Conspicuous Consumption
4 Demand and Income
4.1 Normal Goods
4.1.1 More Demanded
4.2 Inferior Goods
4.2.1 Less Demanded
5 Demand and other goods
5.1 Substitutes
5.1.1 Opposing brands
5.1.1.1 Kelloggs / Tesco
5.2 Complements
5.2.1 Consumed jointly
5.2.1.1 Cars / Petrol
6 Demand and Preferences
6.1 Personal Inclinations
6.2 Advertising
6.3 Fashion
6.4 Popularity
7 Demand Curve Movements
7.1 Price
7.1.1 Along
7.2 Other Determinants
7.2.1 Shift

Media attachments