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Demand

Tools

A	B
Three factors which make up the definition of demand	Quanity, Price, Time
Demand Schedule	Table showing relationship between p and qd
Increase in Price	Contraction along the d curve
Effective demand	Demand backed up by ability and willingness to pay
The cause of latent demand	Persuasive advertising
Examples of normal goods	TVs, PCs, I-Pods, Cars
Increase in Demand	Shift of the demand curve to the right
Complements	A good/service that tends to be bought with another good/service

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