1 Demand SECTION 1: Nature of Demand SECTION 2: Changes in Demand SECTION 3: Elasticity of Demand CHAPTER 3.
UNDERSTANDING DEMAND This section will be one of the easiest to understand. –You live out this section nearly every day. SUMMARY OF SECTION – –This section.
WHAT IS DEMAND?
College Textbook Market: On average, students spend $1,200 per semester An 82% rise in price from 2002-2012 More than an 800% increase from 1978!!! So,
Frank & Bernanke 4th edition, 2009
