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Economics REVISION 1 (Micro) > Inter-Relationships Between Markets > Flashcards

Inter-Relationships Between Markets Flashcards

1
Q

Examples of composite demand

A

Butter
Yoghurt
Milk chocolate
Cheese

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2
Q

What is joint supply

A

Where an increase or decrease in the supply of one good leads to an increase or decrease in supply for another

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3
Q

Examples of joint supply

A

Lamb and wool

Sheet and straw

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4
Q

What are some of the factors that have caused the decline in physical film rentals

A

Falling cost of fast broadband
Recovery in live cinema visits
Film rentals can be seen as an inferior good

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Economics REVISION 1 (Micro) (65 decks)

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