Why is that important?

And we can use it to launch nanosatellites into orbit.

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.

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

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

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

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

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

So income goes down, demand goes up.

So, income goes up, then that increases demand.

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

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

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

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

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

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

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

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

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

You know, 20 years ago, some of the most amazing brands were built in the early days of cable, that met these new niche content demands from consumers.

So you had this whole situation where the population was actually decreasing.

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

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

These convenient goods will meet our customers' demands.

WRlTING Demand goes up.

There is more people that have money in their pockets.

So then that allowed more people to bid on homes.

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

So I get to 8 now.

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

So the government does the auction.

The supply demand balance is tight.

They decide to sell their house.

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

And the way we show demand increasing is the whole curve shifts to the right so this right over here demand increased demand went up when income went up.

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

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

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

So if you expect if before you thought prices were going to be roughly constant, and now you expect them to go down, now you are gonna say wow,

Adam and Oz both saved an hour of time.

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.

You stuff that down your shorts, when you go into a football game you can get booze in for free, everybody bought them.