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Demand Curve

Demand Curve. By: Mustafa Abdalla. Table of contents . The Difference B etween D emand A nd S upply. Demand is what the customers are willing to buy at different prices. Supply is how much the business produces the product they are prepared to sell at different prices.

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Demand Curve

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  1. Demand Curve By: Mustafa Abdalla

  2. Table of contents

  3. The Difference Between Demand And Supply • Demand is what the customers are willing to buy at different prices. • Supply is how much the business produces the product they are prepared to sell at different prices.

  4. Demand Curve Graph

  5. Factors Of Demand • Price • Income • Price of other goods • Tastes and preferences • Popularity • Advertising • Expectations of the future • Population • Interest rate

  6. Shift In The Demand Curve

  7. Law Of Demand • If the price goes down, the quantity demand goes up. • The more cheaper the product is the more buyers you will get.

  8. Example Of Law Of Demand • If you sell a new PS3 320GB in a store for 1500QR not a lot of people will buy the system, then you reduce the price to 1200QR more people will start to buy and reduce the price to 900QR even more people will buy the system everyone will save up for the ps3.

  9. Why Does The Demand Curve Shift? • For a given price level the quantity demanded will change. • A shift to the left could be from lower income. • A shift to the right could be from higher tastes and preferences.

  10. Increase In Demand

  11. Why Does The Demand Curve Increase? • More income • Tastes and preferences • Good advertisement • More population • Popular • Future price is cheap

  12. Decrease In Demand

  13. Why Does The Demand Curve Decease? • Lower income • Price of other goods • Unpopular • No tastes and preferences • Bad or less Advertisement • Fall in population numbers • Expectations of the future

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