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ZIMSEC O-Level Economics

6.5Demand theory

Demand theory in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic106 practice questions6 lessons

In this topic

Lessons

  • Demand and the law of demand

    25 min

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  • Changes in demand and changes in quantity demanded

    25 min

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  • Price elasticity of demand: calculating and interpreting PED

    30 min

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  • What makes demand elastic or inelastic

    20 min

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  • PED, consumer spending and total revenue

    30 min

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  • Income elasticity and cross elasticity of demand

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Demand theory: sample question

1 mark

Thandeka would like to buy a laptop for her studies but has no income or savings to pay for one. Her desire for a laptop is an example of

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