Economics A-Level
Effective demand
What Effective demand means in Economics A-Level, as defined for AQA.
Definition of Effective demand
Check what you remember
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Reference: AQA
The willingness and ability to purchase a given quantity of a good or service at a specific price in a given time period.
Topics that use Effective demand
- The determinants of the demand for goods and services (AQA A-Level)
Related terms
- Ceteris paribus
- Conditions of demand
- Substitutes and complements
- Consumer preferences
- Normal and inferior goods
- Quantity demanded
- The law of demand
Using Effective demand in the exam
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