So income goes down, demand goes up.

If we talk about an actual quantity, we should say the quantity demanded.

And we can use it to launch nanosatellites into orbit.

And so, it would increase the demand.

Supply will soon overtake demand.

Let me write that in green.

The supply can not keep up with the demand.

We could charge 4.50 for the book.

When everything else is equal and you're only changing price, you're not changing demand.

If we lower the price of a product, that will raise the quantity demanded of that product.

So it's shifting demand to the right.

This guy needs less cash, so it lowers demand.

Or another way to think of it is, is this entire demand curve.

Imported cars are in strong demand.

They decide to sell their house.

I should say how price relates to quantity demanded, and how quantity demanded relates to price.

If we lower the price, the quantity demanded will go up.

And so, for any given price point, the demand would increase.

Demand for housing near Tokyo skyrocketed.

Scenario E, I raise it to 10.

These goods are in great demand.

Even the new Jack 2 field in the gulf of Mexico would only supply a few months of domestic demand.

There is a great demand for gasoline.

This is what we call the DEMAND SCHEDULE.

So this right over here.

So we'll put price in the vertical axis and we'll put quantity demanded in the horizontal axis.

It could keep going on and on.

This is the total numbers of cupcakes all of the factories in the market can produce.

This column let me put my price.

And so if income goes up for this laptop, the demand will increase.

And in those cupcake economics videos, I showed that if the demand is pushing up against capacity.

Is there much demand for these goods?

I'm sure some of you out there are economists, and you know all about supply and demand.

So this demand curve will also have the same shape from the top left to the bottom right it satisfies the law of demand.

Actually, we're going to start with aggregate demand and then start talking about aggregate supply.

As a result of that our higher education is simply not keeping pace with India's demands.

There is only a poor market for silk now.

When we hold everything else equal, we're moving along a given demand curve.

Here is the demand forecast for 1998.

But clearly, what's going on right now is just a wholesale printing of money.

But to make this a little concrete,

It just tells us that if we raise the price of a product, that will lower the quantity demanded for the product.

The supply demand balance is tight.

WRlTING Demand goes up.

There is more people that have money in their pockets.