"Understanding Demand: The Dynamics of Consumer Choices"

Dive into the fascinating world of demand in our latest episode! Discover how the quantity of goods and services consumers are willing to purchase fluctuates with price changes and non-price factors. From the law of demand to the impact of income shifts, we explore real-life examples, such as the housing market in Hong Kong and the changing preferences for milk. Join us as we unpack how consumer choices are shaped by market conditions, competition, and even seasonal trends, providing insights essential for aspiring economists and curious minds alike!