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

What we have here is something I just learned called the law of supply and demand.

Let me write that in green.

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

And I believe there's a way for us to do that.

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.

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

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.

An expert in antiquities.

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.

These goods are in great demand.

So it's shifting demand to the right.

I thought she was reliable.

There is a great demand for gasoline.

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

This is what we call the DEMAND SCHEDULE.

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

When you run this 1,000 times, your output should be approximately 2 3.

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.

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

You need to look at other pieces of the innovation engine.

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

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

So population goes up.

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

So it's now at 4 and then that kills off a lot of the demand.

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

(Applause)

All the movements stopped at falsifying.

So income goes down, demand goes up.

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

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

There is a great market for rice in Japan.

And we can use it to launch nanosatellites into orbit.