Using the Blog

Lower Sixth Homework is a bit more straightforward this week. Click on the label 'prices' in the right hand column. This will list all the postings regarding supply, demand and prices.

Find three different examples of inferior goods, the factors which affect the demand for tea and the factor which affect the demand for organic food. Write these examples up - with explanations - in your own handwriting - DO NOT CUT AND PASTE - and bring that HANDWRITTEN work in.

Write a paragraph about the types of businesses that do well in a recession and relate this to inferior goods and real disposable income.