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

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

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

WRlTING Demand goes up.

There is more people that have money in their pockets.

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

The supply demand balance is tight.

They decide to sell their house.

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.

Let me write that in green.

Scenario E, I raise it to 10.

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

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

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

So I get to 8 now.

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.

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

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

And then more people buy.

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

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

This column let me put my price.

Supplies cannot keep up with the demand.

There is a great market for rice in Japan.

I have worked for the policy changes.

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.

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

Here is the demand forecast for 1998.

Imported cars are in strong demand.

All the movements stopped at falsifying.

The supply can not keep up with the demand.

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

As the demand increases, prices go up.

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

And those who have jobs are being paid more,

Why is that important?

Supply is relative to demand.

The price reflects the demand.

These goods are in great demand.