4 marksTheory of Consumer Demand
CAPE Economics Unit 1 · 2010 · Paper 2 · Question 2(a)(ii)
Explain the 'law of demand'.
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Practise this questionOther parts of this question
- 2(a)(i)Define the term 'demand'.[2 marks]
- 2(a)(iii)Explain how a 'change in demand' differs from a 'change in the quantity demanded'.[4 marks]
- 2(b)(i)Identify THREE factors, other than the price of beef, that influence the demand for beef.[3 marks]
- 2(b)(ii)Discuss why EACH factor identified in 2(b)(i) influences the demand for beef.[12 marks]
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