Today's Year 12 Recap is looking at the topic of demand curves. Demand curves provide economists with a graphical way of representing the quantity demanded of a good or service at any given price. Being able to understand the basic downward shape of demand curves and the distinction between a movement along the demand curve and a shift is a crucial skill amongst economists.
Demand curves are vital for demand & supply analysis - the core bedrock of many microeconomic essay responses. Understanding how a factor is likely to shift the demand curve for a market and being able to diagrammatically represent this is an essential skill.
Here Jack guides you around the topic:
Our Year 12 Recap is supported by awesome interactive revision mind maps. Find out more about them and how teachers and students can access them by clicking here.
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