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

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

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

Expected estimate

Estimate type

Expected estimate

Estimate Type

Estimate

Estimate

Type of estimate

Let me write that in green.

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

And I had this captured market. You didn't need contracts.

We need a firm quotation by Monday.

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

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

Scenario E, I raise it to 10.

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

drug store. auto shop estimate.

This guy needs less cash, so it lowers demand.

And then more people buy.

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

This column let me put my price.

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

The most likely estimate

So this right over here.

Current estimated value, 246,000.

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.

So I'm going to let you think about that a little bit.

Here is the demand forecast for 1998.

Imported cars are in strong demand.

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.

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.

But it was obvious to me, right? Buy low, sell high.

These goods are in great demand.

So it's shifting demand to the right.

Calculated estimate variance

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.

There is a great demand for gasoline.

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

This is what we call the DEMAND SCHEDULE.