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It is assumed that if the price of a good falls, more people will be able to afford the good and therefore more people will want to buy the good when the price is lower. Therefore, as price falls the quan...

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...