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Buffl
VWL
Lecture 3
DD
by Dosty D.
What is the difference between a “demand“ & a “arregate demand”?
A households decision about the quantity of demand depends on what? (2-3 reasons are enough)
What are some behaviors of Households?
Explain these Words:
- Demand Schedule
- Demand Curve
- Law of Demand
What are…
…Normal / Inferior goods?
…(Perfect) Substitudes?
…Compliments?
What must you do to the Price & Quantity when you want to “move along or shift” the Demand Curve?
How does a Household become a Market demand?
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Dosty D.
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