Why is that important?

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

We have to meet the demand.

And we can use it to launch nanosatellites into orbit.

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

So income goes down, demand goes up.

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

'What can I do to increase the number of employees?'

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

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

They take a look at the demands that are out there beauty products, healthy schools, electricity and how the money's flowing to meet those demands.

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

So, income goes up, then that increases demand.

They decide to sell their house.

And you can match that demand, hour by hour, for the whole year almost.

So this is price, and this right over here is quantity.

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

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

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

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

This puts pressure on food demand.

It just tells us that if we raise the price of a product, that will lower the quantity demanded for the product.

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

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

So Scenario A, price is 2 60,000 units are demanded.

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

As the demand increases, prices go up.

And it's this limitation that doesn't cope with the demand of wireless data transmissions and the number of bytes and data which are transmitted every month.

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

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

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

With this factory and 100,000 planes a year, we could make all of America's electricity in about 10 years.

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

And then our short run aggregate supply might look something like this, aggregate supply in the short run.

These convenient goods will meet our customers' demands.

As the demand increases, prices go up.

Now Damien knows all about condoms, but he doesn't sell them.

It puts pressure on water demand.

So much, in fact, that after you've handled the domestic oil forecast from areas already approved, you have only this little bit left, and let's see how we can meet that, because there's a pretty flexible menu of ways.

WRlTING Demand goes up.

There is more people that have money in their pockets.

At any given price point, the quantity demanded will go up.

Well, it has to do with Gresham's law of economics.

You'd need millions and millions of teachers in China, India, Nigeria and the rest of developing world to meet need.

So I get to 8 now.