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The demand curve is downward facing because in order for quantity to rise, firms need to lower prices.

Normal good: 1 or greater than 1, as YED increases, QD for a good increases too.

Superior/ Luxury good: Also a normal good: it makes up a large proportion of consumption e.g. a new car. (Scarce to ...

The long term memory is arguably divided into three separate stores, these include the semantic memory, the episodic memory and the procedural memory. Tulving argued that these stores are distinct and sep...

There are 2 main methods for finding a normal vector.

1. If you know two vectors that lie in the plane e.g. (a,b,c) and (d,e,f), we can find a normal vector by calculating the vector/cross p...

The main factor resulting into reduced benefits of taking out a franchise for an independent sole trader is the loss of total control. By taking out a franchise, there is a loss of independence in decisio...