demand and supply

AZ
by anis zulaikha3 views·Updated Jul 2, 2021
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  1. However the quantity that from the graph is represents as
  2. a quantity demanded, which meaning is quantity demanded of a
  3. good or service is a specific amount that consumer already
  4. or they plan already to buy at a particular price
  5. during a given period of time assuming other factors influencing
  6. the purchase of goods or services are constant.
  7. A quantity demanded is represented by a specific line in
  8. the demon schedule and a specific point on the demand
  9. curve at a specific price.
  10. So the next one is a change in demand.
  11. Uh When one or some of the factors influencing demand
  12. change with the price of a good remains constant, the
  13. demand will change and the demand curve will shift right
  14. or left.
  15. Work. The shift in demands refers to the change in
  16. quantity demanded at every given price.
  17. In this case, even to even though the price of
  18. agreements constant, the quantity will at the rise or fall,
  19. as shown in the graph.
  20. So you can see the graph uh in their left
  21. side. So uh when the other factor consists, the D.
  22. Mental shift to the right, they moved from the one
  23. to the two.
  24. Then this is referred to as an increase in demand.
  25. This is because at the same price of P.
  26. One, the quantity that consumers tend to buy increase from
  27. Q. One to Q.
  28. Two. Likewise, when the other factors consists, the demand curve
  29. to shift to the left and moved from the one
  30. to D.
  31. Three, then this is referred to as a decrease in
  32. demand. This is because at the same price of P.
  33. One, the quantity the The consumer pain to buy decrease
  34. from Cuba to Q3.
  35. So the next one is a.
  36. With the concepts the graph or demon being done with
  37. helping. So the first of all is a change in
  38. in consumers income.
  39. The meaning the influence of consumers income on demand depends
  40. on the way that the foot is normal good or
  41. in fire, good for a normal good.
  42. An increase in income, increased demand for the good and
  43. shift the dementia right work.
  44. So as example, the closes the cause and for an
  45. inferior good.
  46. An increase in income, decrease demand for the good and
  47. shift the demand curve left work.
  48. So the example is used car use closes.
  49. So the other one is intercity bus is also example
  50. for the inferior goods.
  51. So the second is the price of related goods.
  52. Goods are they're related or unrelated to each other for
  53. consumers, when the goods are unrelated, then they change in
  54. the price of one good.
  55. Will have no impact on the demand for the other
  56. goods. For example, they change in price of potatoes will
  57. not affect the demand for cows.
  58. The availability, the availability and price of related goods affect
  59. the demand for goods and service.
  60. The effect of related goods depends on whether they are
  61. substitute goods are complementary goods.
  62. So the net is expectations about the future.
  63. If the price of a good is expected to rise
  64. in the future, current demand increased and the demand curve
  65. shift, right words.
  66. If consumer income is expected to rise in a in
  67. the future, current demons increase in the demand curve ship,
  68. right words.
  69. So besides, this is the test and reference.
  70. People with the same income have different demands if they
  71. have different preference, if the test in in the favor
  72. or the good demand for for it will increase.
  73. The opposite is true.
  74. So the last one is the number of buyers in
  75. the market, the largest population, or the buyer, of course
  76. the greater is demon for the good.