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Monday 3 October 2011

IGCSE & Unit 1: Determinants of Demand - Shifts Vs Movements Along the curve

The following clip distinguishes between the law of demand, illustrated as a movement along a demand curve resulting from a price change, and a shift in the demand curve, resulting from a change in one of the non-price determinants of demand. Below are several blog posts from illustrating these concepts:





Is bicycle transportation an “inferior good”?

The magical recession proof bunny

Luxury goods: the biggest rip off in the world or the “must have items” for any self-respecting European?

It’s all about DEMAND

“Living” evidence of a determinant of demand at work in the deserts of Northern India

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