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Chapter 2

1) The document provides notes on economics from a 1st year TU BBS course, including definitions of demand, determinants of demand, shifts in demand curves, and linear demand curves. 2) It explains how demand can be expressed through a schedule or graph and that demand is influenced by price, income, tastes, and complements/substitutes. 3) Examples are given of downward and upward shifts in demand and how this affects equilibrium price and quantity.

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0% found this document useful (0 votes)
218 views22 pages

Chapter 2

1) The document provides notes on economics from a 1st year TU BBS course, including definitions of demand, determinants of demand, shifts in demand curves, and linear demand curves. 2) It explains how demand can be expressed through a schedule or graph and that demand is influenced by price, income, tastes, and complements/substitutes. 3) Examples are given of downward and upward shifts in demand and how this affects equilibrium price and quantity.

Uploaded by

Shraddha Nepal
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