They decide to sell their house.

There is a great demand for gasoline.

There is much demand for nurses in this hospital.

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.

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

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

Let me write that in green.

WRlTING Demand goes up.

There is more people that have money in their pockets.

Demand for occupational therapy has surged in recent years.

And both of them satisfy the law of demand if the price is really high the quantity demanded is going to be really low for the laptop and so it might be right over there and if the price is low the quantity demanded is going to increase.

The supply demand balance is tight.

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

There is a great market for rice in Japan.

Imported cars are in strong demand.

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.

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

Scenario E, I raise it to 10.

These goods are in great demand.

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

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

This is what we call the DEMAND SCHEDULE.

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 have been really lucky with this technology all of a sudden as it is ready, the world is ready to accept it.

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

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

This column let me put my price.

The supply can not keep up with the demand.

There is no market for these goods in Japan.

Supplies cannot keep up with the demand.

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

And this table that shows, how the quantity demanded relates to price and vice versa.

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 have worked for the policy changes.

So I get to 8 now.

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

Here is the demand forecast for 1998.

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

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