Unit 2.1: Demand
The activities on this page should be used in conjunction with the teacher access page: Unit 2.1: Demand Demand - the quantity of goods and services that consumers are willing and able to purchase at a given time, ceteris paribus. Ceteris paribus - means that all other variables remain the same. HL only Income effect – the effect of a change in the price of a good or service on real incomes. As the price of a good or...