1. Lecture #2 Law of Demand, Determinants of Demand, Change in Demand and Change in Quantity Demand 2. • Demand • Law of Demand Demand Schedule Demand curve • Assumption…
Slide 1TCO 2 Given a supply schedule, a demand schedule, and a change in one or more determinants of supply and demand, graph the supply and demand curves and illustrate…
Slide 1 CHANGE IN DEMAND vs CHANGE IN QUANTITY DEMANDED Krugman Section 2, Module 5, 6 Slide 2 Determinants of Demand The Basic Determinants of Demand are: (M.E.R.I.T.) 1)…