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

Let me write that in green.

This column let me put my price.

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

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

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

Scenario E, I raise it to 10.

There is a great demand for gasoline.

This is what we call the DEMAND SCHEDULE.

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

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

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

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

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

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

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

And then the last one we'll talk about

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

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

Here is the demand forecast for 1998.

Imported cars are in strong demand.

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.

I have worked for the policy changes.

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

Supply is relative to demand.

These goods are in great demand.

So it's shifting demand to the right.

Demand for housing near Tokyo skyrocketed.

So income goes down, demand goes up.

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

And if there's more cash in the banking system this guy right over here needs less

And so, it would increase the demand.

And yet what we proved then is the U.S. has more market power than OPEC.

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.

There is a big market for coffee.

Supplies cannot keep up with the demand.

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

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

So population goes up.

And their sales channel were going to be websites or stadium shops or ticket websites or direct mail.