This revision presentation looks at the basic theory of market demand
This section on market prices looks at the basic theory of demand. Once you have covered this, be clear about what causes a movement along the demand curve and to explain what brings about shifts in the market demand curve for example due to changes in the price of substitutes or complementary goods; changes in real income and tastes and preferences. We will cover price elasticity of demand in a later section.
Have you seen the tutor2u YouTube channel? Subscribe now and never miss a revision video!
Add these revision guides and worked answers to your essential revision resources for AS & A2 Economics exams this summer. Our revision guides are brand new and bring your tired old...