2.

Question 1

what is a movement along the demand curve ?

Answer 1

takes place when a goods price changes

Question 2

what are the conditions of demand (things that shift it left or right)

Answer 2

1. substitute goods
   2.joint demand and complimentary goods
2. personal income
   4.tatse and preferance
   5.population size

Question 3

how to calculate PED (price elasicity of demand)

Answer 3

% change in q demanded /
% change in price

Question 4

how to calculate yed (income elasisity of demand

Answer 4

% change in q demanded /
%change of income

Question 5

how to calculate XED (cross elasity of demand)

Answer 5

%change in q of a demanded/
%change in q of b demanded

Question 6

what are factors which may determine PED

Answer 6

1. substitutes
2. percentage of income
3. nessesities v luxuries
   4.size of market
4. time