Mnemonic Monday - Demand factors
So as we all embark on teaching demand and supply I thought it would be a good idea to remind ourselves of the useful mnemonics for this topic.
This week we will look at the factors which cause the demand curve to shift.
I like to use the mnemonic PASIFIC
Substitutes (price of)
Fashions and trends
Complements (price of)
Next week supply factors.