What Determines Demand

What Determines Demand - Normal goods: salt, cinema...

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What Determines Demand? Jacky Chong
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Not “always”, but “usually”, or “likely”, as shown in textbook.
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“Quantity demanded” is the correct choice of word in this sentence.
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Substitution effect Quantity Price
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Substitution effect Quantity Price
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A. Complements B. Complements C. Unrelated D. Substitution
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Complements Quantity Price
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Unformatted text preview: Normal goods: salt, cinema tickets, air miles Inferior goods: cheap wine, own brand supermarket detergents Superior good, because we have no choice. Can be both if considered from different perpective. pyramid-shaped mass of glutinous rice wrapped in leaves, or simply dumpling. mooncake...
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What Determines Demand - Normal goods: salt, cinema...

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