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

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

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

They decide to sell their house.

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

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

And then more people buy.

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

Here is the demand forecast for 1998.

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.

If it's a little confusing to you right now, hopefully by the end of this video the difference between demand and quantity demanded will become a little bit clearer, and definitely over the next few videos.

And there is a little bit of a negative feedback, if price goes up.

Because you're creating artificial demand.

Let me write that in green.

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

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

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

So population goes up.

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

There is no market for these goods in Japan.

Is there much demand for these goods?

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

So income goes down, demand goes up.

Imported cars are in strong demand.

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

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

There is a great market for rice in Japan.

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

So, income goes up, then that increases demand.

And anytime there is less of something, that creates a price rise.

Scenario E, I raise it to 10.

These goods are in great demand.

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

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

And so, it would increase the demand.

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

There is a big market for coffee.

We realized that even rich kids from the suburbs really want DryBath.

There is a great demand for gasoline.

This is what we call the DEMAND SCHEDULE.

Treasuries.

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

When we're talking about a particular quantity demanded we say quantity demanded we don't just say demand

This column let me put my price.