Chapter 5
The effect of price and income on demand quantities

Another very useful source of material is the magazine the Economic Review, written specially for students who have just begun the study of economics. In the April 2000 issue of the Economic Review, Stefan Syzmanski uses notions of demand, supply, and income elasticity of demand to examine ‘The decline of the FA Cup’. See also the way in which Peter Smith discusses the elasticity of demand in the Question and Answer column of Economic Review, September 1999.


Copyright Peter Smith 2000 - all rights reserved