Substitutes and Complements | Reference Library - tutor2u
WEBOct 27, 2019 · Substitutes and Complements. In this micro video on the theory of demand, we look at substitute and complementary goods. You will come across these when you cover cross price elasticity of demand in introductory microeconomics. Substitute goods. Substitute goods are two alternative goods that could be used for the same purpose.
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Psychology | tutor2u
WEBAttachment Exam Buster Revision Guide for AQA A-Level Psychology. 03-4130-30099-03. £5.95. View full selection.
Families: Forms of Family Diversity | Reference Library - tutor2u
WEBSep 15, 2022 · Families: Forms of Family Diversity. Some sociologists argue that there is no “normal” family, but instead a broad diversity of family and household forms in the UK today. There are a number of reasons for this increased diversity, including: Secularisation (as religion has become less central to UK society, so people are more likely to ...
Geography - tutor2u
WEBPaper 2 Urban Issues and Challenges Study Book for AQA GCSE Geography. 05-4130-30411-03. £4.95. Revision Guides.
Economics - tutor2u
WEBTheme 2 Study Book for Edexcel A-Level Economics. 02-4130-30357-01. £7.95. Revision Guides.
Explaining the Multiplier Effect | Reference Library - tutor2u
WEBNov 29, 2021 · The multiplier effect arises because one agent’s spending is another agent’s income. When a spending project creates new jobs for example, this creates extra injections of income and demand into a country’s circular flow. The negative multiplier effect occurs when an initial withdrawal or leakage of spending from the circular flow leads ...
Conformity - Asch (1951) | Reference Library | Psychology - tutor2u
WEBSep 6, 2022 · Share : Asch (1951) conducted one of the most famous laboratory experiments examining conformity. He wanted to examine the extent to which social pressure from a majority, could affect a person to conform. Asch’s sample consisted of 50 male students from Swarthmore College in America, who believed they were taking part in …
Consequences of Inflation | Reference Library - tutor2u
WEBMar 21, 2021 · Many governments have set their central banks a target for a low but positive rate of inflation.They believe that persistently high inflation can have damaging economic and social consequences.. Income redistribution: One risk of higher inflation is that it has a regressive effect on lower-income families and older people in society. This happen when prices for food and domestic utilities such ...
Explaining the Price Mechanism | Reference Library - tutor2u
WEBMar 30, 2021 · Prices rise and fall to reflect scarcities and surpluses. If prices are rising because of high demand from consumers, this is a signal to suppliers to expand production to meet the higher demand. If there is excess supply in a market, the price mechanism will help to eliminate a surplus of a good by allowing the market price to fall. 2.
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