tutor2u | How Markets Work - Demand Theory

Study Presentations

How Markets Work - Demand Theory

Level:
AS, A Level
Board:
AQA, Edexcel, OCR, IB

Last updated 22 Mar 2021

This revision presentation looks at the basic theory of market demand

This section on market prices looks at the basic theory of demand. Once you have covered this, be clear about what causes a movement along the demand curve and to explain what brings about shifts in the market demand curve for example due to changes in the price of substitutes or complementary goods; changes in real income and tastes and preferences. We will cover price elasticity of demand in a later section.

Theory of market demand

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