Economics Department

Intro to demand essays

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This week's essay

(a)    Why do we expect demand curves for normal goods to be downward sloping (use marginal utility theory in your answer)?                                                   

(10 marks)

(b)   Discuss what will determine the relative importance of price as a determinant of demand                                          

(10 marks)

(c)    What exceptions might there be to the 'law of demand'?                              

(5 marks)

Other essays

1)      Show and explain the impact on demand for computer games programmers and computer games of:

a)      A rise in consumers' income

b)      The product going out of fashion

c)      A rise in the wages of computer games programmers

d)      A fall in the price of computer games