Applications of Demand and Supply Analysis to Particular Markets

Descrição

A Levels Economics (Unit 1, 2 The Allocation of Resources in Competitive Markets) Mapa Mental sobre Applications of Demand and Supply Analysis to Particular Markets, criado por beth2384 em 30-12-2013.
beth2384
Mapa Mental por beth2384, atualizado more than 1 year ago
beth2384
Criado por beth2384 quase 13 anos atrás
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Resumo de Recurso

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)

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