Skip to content

Course home

2.2.5 Causes and consequences of demand changes

Card 1 of 24

As real income rises, what happens to demand for a normal good?

A

Higher demand creates competition for the same goods, so consumer prices tend to rise.

B

Demand decreases.

C

They order more stock.

D

Demand increases.

Card 1 of 24

2.2.5 Causes and consequences of demand changes Flashcards

  1. GCSE
  2. /Economics
  3. /2.2.5 Causes and consequences of demand changes

24 flashcards on OCR GCSE Economics 2.2.5 Causes and consequences of demand changes: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards