They decide to sell their house.

There is a great demand for gasoline.

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

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

Demand for occupational therapy has surged in recent years.

There is much demand for nurses in this hospital.

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

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

This guy needs less cash, so it lowers demand.

Let me write that in green.

And Deutsche Bank even said world oil use could peak around 2016.

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

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

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

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

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

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

So, income goes up, then that increases demand.

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.

Over that period you are going to double your demand.

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

So income goes down, demand goes up.

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

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

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.

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

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

So I get to 8 now.

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

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

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

Here is the demand forecast for 1998.

Imported cars are in strong demand.

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

The supply demand balance is tight.

WRlTING Demand goes up.

There is more people that have money in their pockets.

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

Once the peak of world oil production is reached, demand for oil will outstrip supply, and the price of gasoline will fluctuate wildly, affecting far more than the cost of filling a car.

Price depends on costs and demand.

Prices depend on the costs and the demand.

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.