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The Determinants of Demand and Shifts in the Demand Curve
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About the lecture
In this module, we discuss the determinants of demand. In particular, we focus on: (i) the determinants of demand that shift the curve, and what this shift looks like graphically; (ii) a change in income; (iii) a change in preferences; (iv) the price of substitute goods; (v) the price of complementary goods; (vi) the number of consumers in the market.
About the lecturer
Patrick Gaule is an Associate Professor in Economics at the University of Bristol. He specialises in research that seeks to understand how we can scale up and accelerate science and innovation. With this in mind, he has published widely, including ‘Invisible Geniuses: Could the Knowledge Frontier Advance Faster?’ (American Economic Review: Insights. 2020) and ‘Chinese Graduate Students and U.S. Scientific Productivity’ (Review of Economics and Statistics, 2013).
Cite this Lecture
APA style
Gaule, P. (2022, December 07). Price Determination in a Competitive Market - The Determinants of Demand and Shifts in the Demand Curve [Video]. MASSOLIT. https://massolit.io/options/price-determination-in-a-competitive-market?auth=0&lesson=11016&option=4737&type=lesson
MLA style
Gaule, P. "Price Determination in a Competitive Market – The Determinants of Demand and Shifts in the Demand Curve." MASSOLIT, uploaded by MASSOLIT, 07 Dec 2022, https://massolit.io/options/price-determination-in-a-competitive-market?auth=0&lesson=11016&option=4737&type=lesson