Effective Demand
Effective Demand
Demand is the quantity buyers are willing and able to buy at each price over a period. Desire alone is not demand because the buyer must also have the ability to pay.
Step-by-step lessons on Edexcel A A Level Economics 1.2.2 Demand. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.