|
|

„ The quantity demanded i.e. the number of units of a good

that consumers are willing and can afford to buy over a
(specified) period of price and time, ceteris paribus.
Dzî
 dz i.e. other things being equal
„ The quantity demanded of any product normally depends
on its price.
„ It also depends on a number of other determinants,
including population size, consumer incomes, tastes &
preferences, prices of other products, etc

G
^ |
| 

 

  


^ 
 |
 There exists inverse relation between
price and quantity demanded, all other things held constant.

^ ther things being equal, a fall in price leads to expansion in

demand and a rise in price leads to contraction in demand.

-
D
„ |
   è It is a table showing how quantity
demanded of some product during a specified period of time
changes as the price of that product changes, holding all
other determinants of quantity demanded constant.

„ A 
  is a graphical representation of a


   

„ The curve shows the highest quantity of a good at each

price the consumer is willing to buy, ceteris paribus.

r




 











 




 





 

 


 



‰
 "



I. Consumer goods è goods and services used for final

consumption. E.g.è by human being, animals,etc.
Producer goods è goods used for production of other
goods like plant and machines, raw materials etc.
II. Perishable goods è which can be consumed only once.
Durable goods è their services are only consumed.

*
III. Autonomous demand è goods whose demand is not tied
with the demand for some other goods.
Derived demand è goods that are needed to obtain
other goods. E.g. Ȃ money.

IV. Individual demand è Quantity demanded of a

commodity by an individual buyer.
Market demand è summation of demand for a good by
all individual buyers in the market.


 G D
-



"

 !

G# 
G
-# 
-
D# $%
$%& G' -