Demand and the Law of Demand
Demand and the Law of Demand
Demand is the quantity of a good or service that consumers are willing and able to buy at each price over a given period, other things being equal. Desire alone is not demand because consumers must also have the ability to pay.
Step-by-step lessons covering AQA A Level Economics 1.3.1 The determinants of the demand for goods and services for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.