AC 1.2 (Part One) Flashcards
1
Q
What is effective demand?
A
2
Q
What does a demand curve show?
A
3
Q
Why do demand curves slope downwards?
A
4
Q
What is the law of demand?
A
5
Q
What causes a movement along a demand curve?
A
6
Q
What are the two types of movement?
A
7
Q
What are the factors of demand?
A
8
Q
What does the supply curve represent?
A
8
Q
Define substitutes & complements.
A
9
Q
What is derived demand?
A
10
Q
What is the law of supply?
A
11
Q
Why do supply curves slope upwards?
A
12
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13
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14
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15
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16
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17
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18
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18
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19
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19
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20
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21
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22
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23
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24
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25
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26
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27
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28
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29
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30
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