2.1 Demand 📉

🎯 Learning Targets

• Define key terms and factors related to consumer decision making and the law of demand
• Explain the relationship between price and quantity demanded and how buyers respond to incentives and constraints
• Explain buyers' responses to changes in incentives and contraints

⏰ What We Did

• Used yesterday's notes on Demand to complete a problem set

⚙️ Resources

• Demand Problem Set

📖 Corresponding Reading

• Chapter 3, Principles of Microeconomics

💻 Homework

• Read and take notes on Chapter 3 in PoM before W 22 Oct 2025