How do markets work? - what is demand?
6 important questions on How do markets work? - what is demand?
What is a physical market?
What is an abstract market?
What is the consumer surplus?
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What is the equation used for the demand curve?
Give examples of demand factors
2. The needs and preference of the buyers
3. The price of other products; when the price of a product increases people could choose to buy something else
Which formula do you use for calculating price elasticity of demand?
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