| Episode 153: Revision time |
| John: |
Ready for our revision quiz? |
| Helen: |
Oh, I hope so. |
| John: |
OK, let's get cracking. Right, erm ... give me three examples of resources. |
| Helen: |
Time, money and skill. |
| John: |
Very good. And what does the law of demand state? |
| Helen: |
That generally price and quantity demanded in a market are inversely related. |
| John: |
Which, in normal language, means?
|
| Helen: |
Oh, erm ... as the price of something goes up, fewer people demand it or want it. |
| John: |
Oh you're on a roll now. You'll do fine in your test.
|
| Helen: |
If I don't, Prof Lewis will kill me! |
| John: |
And don't forget there's a plane ticket in the balance too.
|
| Helen: |
Don't remind me. I promised my dad I'd get more than 90% in this test. Hope I wasn't too rash. |
