You're changing the quantity demanded.

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

Two problems. That will not be a market price.

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

So this right over here.

Because you're creating artificial demand.

We must reduce energy demand.

Let me write that in green.

So it's shifting demand to the right.

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

We have to meet the demand.

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

Scenario E, I raise it to 10.

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

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

And we can use it to launch nanosatellites into orbit.

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

There is no market for these goods in Japan.

We're going to be talking about how to size the market at the end of this lecture.

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

This column let me put my price.

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

Supplies cannot keep up with the demand.

We could charge 4.50 for the book.

There is only a poor market for silk now.

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

When we're talking about a particular quantity demanded we say quantity demanded we don't just say demand

This is a virtual radius, not reality the black hole has no size.

We can go buy that house.

The supply can not keep up with the demand.

Here is the demand forecast for 1998.

Imported cars are in strong demand.

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

The supply demand balance is tight.

They decide to sell their house.

WRlTING Demand goes up.

There is more people that have money in their pockets.

No, I didn't need to, 'cause this is...

At any given price point, we are going to have a larger quantity demanded.

Why is that important?

Take the meeting off, and have peace of mind that you can come back to me.

Why's he so important?

The equivalent of between 1 and 4 tons of coal are used in the manufacture of a single solar panel.

These goods are in great demand.

Doesn't seem to be much demand for humans.