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2.2.3 Explain a demand curve

Card 1 of 21

What does the law of demand state?

A

It rises from 3 to 5 tickets a month.

B

Move across from the price axis to the curve, then move down to the quantity axis.

C

Price and quantity demanded move in opposite directions, other things being equal.

D

Lower prices increase quantity demanded through new buyers, switching, and extra units.

Card 1 of 21

2.2.3 Explain a demand curve Flashcards

  1. GCSE
  2. /Economics
  3. /2.2.3 Explain a demand curve

21 flashcards on OCR GCSE Economics 2.2.3 Explain a demand curve: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards