CA Foundation · Economics · Demand Determinants — Pair

Exercise and reference answers

Matching pairs

1. Left

   Price of the good itself

   Right

   Inverse relationship (Law of Demand)

2. Left

   Price of substitute

   Right

   Direct relationship with demand for tea

3. Left

   Price of complement

   Right

   Inverse relationship with demand for car

Instructions

Match each demand determinant to its effect.