Sunday, November 28, 2010

Unit 1: The falling demand for Christas cards

Thanks to tuor2u for this article

http://www.tutor2u.net/blog/index.php/gcse-economics/comments/demand-and-supply-in-action-sales-of-christmas-cards-plummet/

a) I don't think the price of Xmas cards has fallen despite the fall in demand. Use a S&D diagram to explain why this might be the case

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