IB Econ Guru: Demand, Supply, and the Price Mechanism

Review of the law of demand and the non-price determinants of demand

Start by watching this video:

 

Possible Paper 1 questions related to this topic:

Part a [10 mark] questions:

  • Explain two non-price determinants that would cause an increase in demand.
  • Explain the difference between a movement along the demand curve and a shift in the demand curve.

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