Y1 14) Income Elasticity of Demand (YED) 

Adam smiths books alright but he isn’t as hot

Bold Statement

the beauty of the division of labour, Dal has become an expert in teaching economics and his camera man an expert in producing high quality images. :D

@@jacobparker1105 i agree peter.....

facts

3 months on, how’s it going?

@@EternalShadow1667 probably great if he doesn't need the videos anymore

what did you get in the end

josh taylor second that mate 😂

@@freddiei123 third that mate

@@ahmedbenhariz8694 fourth that mate

@@arulgk9673 fifth that mate

@@uniqueunonymous1055 sixth that mate

Hahahahahhhhaahahh fan girl

it only applies to normal goods as you cant have inferior luxuries

the X axis is labelled as 'quantity' and the demand curve is labelled as 'Demand' (y axis is labelled as 'price' ; typical supply and demand model). So, when you pick a point from the demand curve and translate it to the x axis it combines both terms creating 'quantity demanded'. Hope this helps

Yes

Just dont be dum 😁

Maybe try using quizlet, it’s magical for remembering specifics such as this

@@animehub1611 bit ironic

100 - 60 = 40 40 divided by original = 0.4 ( 40 / 100 = 0.4 ) 0.4 x 100 = 40 Just follow the formula he gave ( Difference / original x 100 )