So, new things.

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

Soon, self assembly will be used for larger applications, where materials can repair themselves, water pipes can reconfigure on demand, buildings can adapt on their own to environment or dynamic loading, and space structures can self assemble without humans.

We have adequate inventories of the product to meet local demand.

Adaptation.

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

Let me write that in green.

Scenario E, I raise it to 10.

This column let me put my price.

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

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

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

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

So the idea is that you predicted the spider would have to make some adaptations in space, right?

And then the last one we'll talk about

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

Additional imports of American beef are planned to meet rising demand.

Maybe what the world needs now is for us to realize that we are like the birds.

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.

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

So we got rid of the highway but we created a traffic island, and it's certainly not a mobility pathway for anything other than cars.

Supply is relative to demand.

There is a great demand for gasoline.

This is what we call the DEMAND SCHEDULE.

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.

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

The boy is tough.

It'll take time to adapt.

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

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.

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

There is a big market for coffee.

Supplies cannot keep up with 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.

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

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

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