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

Imported cars are in strong demand.

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

Treasuries.

They decide to sell their house.

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

Let me write that in green.

Scenario E, I raise it to 10.

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

So they're building very large blast furnaces to try to deal with the demand for steel in China.

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

You see this rising force in sort of total transparency and openness that companies are starting to adopt, all because the consumer is demanding it.

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

In this and the next few videos we're going to be studying something called

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

The supply demand balance is tight.

WRlTING Demand goes up.

There is more people that have money in their pockets.

These goods are in great demand.

There is a great demand for gasoline.

This is what we call the DEMAND SCHEDULE.

So income goes down, demand goes up.

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

And so essentially, it will shift, it will change the entire demand curve.

I'd rather have than just getting more of this thing right over here

So, income goes up, then that increases demand.

And I had this captured market. You didn't need contracts.

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

This column let me put my price.

There is a big market for coffee.

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

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

And I believe we need to strengthen this approach in modern diplomacy, not only between states, but also within states.

Here is the demand forecast for 1998.

All the movements stopped at falsifying.

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

The supply can not keep up with the demand.

Supplies cannot keep up with the demand.

There is a great market for rice in Japan.

We could charge 4.50 for the book.

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

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

So, it would shift the demand curve to the right or it would increase demand.

Supply is relative to demand.

The price reflects the demand.