Demand Flashcards
1
Q
Definition
A
the total amount that would be demanded by consumers at any given price
2
Q
most of the time demand will … as the market price…
A
fall, rises
3
Q
this is due to the … effect
A
income
4
Q
Factors influencing demand (7)
A
Taste + fashion Weather Population Income Interest rates Expectation of future change Substitutes
