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Demand

Microeconomics

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Page 3: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Is there Demand?

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Page 4: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

What is Demand

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Page 5: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Is there Demand?

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Page 6: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Demand Schedule

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Demand Curve

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Page 10: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Law of Demand

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Page 11: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Schedule & Graph

Page 12: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Page 13: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Effects on Demand

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Page 14: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

SECTION 2 NEXT

Change in QUANTITY DEMANDED

● A change that is represented as movement ALONG the demand curve● Example: When the price of DVD’s goes up, the demand goes down (and

vice versa)

Page 16: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Determinants:

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Page 17: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

More...

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Page 18: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Change in Demand•

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Page 19: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Determinants:1.

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Page 20: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

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Page 21: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

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Page 22: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

SECTION 3 NEXT

Page 23: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Demand Elasticity

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Page 24: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Demand Elasticity

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Page 25: Demand - MISS PRESSLEY'S WEBSITE...Change in QUANTITY DEMANDED A change that is represented as movement ALONG the demand curve Example: When the price of DVD’s goes up, the demand

Determinants of Demand Elasticity•••

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