2.3.4 Conditions of demand
Unit 2.3.4 - Conditions of demandThis section of the syllabus requires students to understand the conditions of demand, i.e., the causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand.Although the analysis above shows the relationship between the price of a product and its quantity demanded, there are non-price factors that also impact on demand for goods and services....