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    Demand Assigment

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    Piyush Pãl
    This document discusses the concept of demand. It defines demand as the amount of goods and services that consumers want to purchase at a given price within a specific time period. It then lists factors that influence demand, such as price, income, tastes, and expectations. The document explains the law of demand - that quantity demanded is inversely related to price when other factors are held constant. It illustrates the demand curve and how it shifts rightward with an increase in demand and leftward with a decrease in demand. Finally, it discusses factors that can cause a shift in the demand curve, such as changes in substitute goods, income, population, and expectations.

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    Demand Assigment

    Uploaded by

    Piyush Pãl
    40 views11 pages
    This document discusses the concept of demand. It defines demand as the amount of goods and services that consumers want to purchase at a given price within a specific time period. It then lists factors that influence demand, such as price, income, tastes, and expectations. The document explains the law of demand - that quantity demanded is inversely related to price when other factors are held constant. It illustrates the demand curve and how it shifts rightward with an increase in demand and leftward with a decrease in demand. Finally, it discusses factors that can cause a shift in the demand curve, such as changes in substitute goods, income, population, and expectations.

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    presntation of demand

    Original Title

    Demand Assigment PPT(1)

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    This document discusses the concept of demand. It defines demand as the amount of goods and services that consumers want to purchase at a given price within a specific time period. It then lists factors that influence demand, such as price, income, tastes, and expectations. The document explains the law of demand - that quantity demanded is inversely related to price when other factors are held constant. It illustrates the demand curve and how it shifts rightward with an increase in demand and leftward with a decrease in demand. Finally, it discusses factors that can cause a shift in the demand curve, such as changes in substitute goods, income, population, and expectations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    40 views11 pages

    Demand Assigment

    Uploaded by

    Piyush Pãl
    This document discusses the concept of demand. It defines demand as the amount of goods and services that consumers want to purchase at a given price within a specific time period. It then lists factors that influence demand, such as price, income, tastes, and expectations. The document explains the law of demand - that quantity demanded is inversely related to price when other factors are held constant. It illustrates the demand curve and how it shifts rightward with an increase in demand and leftward with a decrease in demand. Finally, it discusses factors that can cause a shift in the demand curve, such as changes in substitute goods, income, population, and expectations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    ICFAI UNIVERSITY

    SUBJECT – ECONOMICS

    TOPIC-DEMAND

    GROUP MEMBER
    ANANYA 19BSPDD01C025
    AASI 19BSPDD01C003
    PIYUSH 19BSPDD01C114
    APUL 19BSPDD01C031
    DEBJANI 19BSPDD01C043
    AASHIMA 19BSPDD01C002
    DEMAND

    WHAT IS DEMAND?
    The amount/quantity of goods and services which a consumer wants
    to buy at a particular price and during a specified period of time.

     Want
     Ability to pay
     Readiness to spend
     Time
    FACTORS/DETERMINANTS
    • Price • Population
    • Income of the Consumer • Distribution of wealth
    • Price of related commodities • Price quality wealth
    • Tastes and preference • Weather
    • Future expectation • Govt. Policies
    • Credit Facility
    LAW OF DEMAND
    If the price is very high then the quantity demanded would be less or vice versa.
    Quantity of Goods will be having Inverse Relation with the Price keeping other
    factors constant or unchanged.

    37.5
    Quantity
    Price
    Demand(Qd)
    30
    P Demand Curve 30 1
    r 22.5
    i 20 2
    c 15
    e
    15 3
    7.5
    10 4
    0
    0 1 2 3 4

    Quantity Demand(Qd)
    LAWS OF DEMAND

    “The greater the amount to be sold, the smaller must be the


    price at which it is offered in order that it may find
    purchasers; or in other words, the amount demanded increases
    with a fall in price and diminishes with a rise in price”
    By Alfred Marshall
    SHIFT IN DEMAND CURVE
    Rightward shift- the increase in demand is Leftward shift-the decrease in demand is
    shown by the rightward shift when the shown by the leftward shift when the quantity
    quantity demanded rises with favourable demanded falls with favourable changes in
    changes in others factors at the same price. others factors at the same price.

    When demand increase the demand curve shifts rightwards and when demand decrease the
    demand curve shift leftwards.
    VARIOUS REASON FOR SHIFT IN
    DEMAND CURVE

    A shift in the demand curve is when a determinant of demand other than price changes. It
    occurs when demand for goods & services changes even though the price remains same.
    The determinants responsible for the shift in demand curve are-
    • Change in price of substitute goods.
    • Change in price of complementary goods.
    • Change in income of consumer.
    • Change in tastes and preferences.
    • Expectation of change in price in future.
    • Change in Population.
    • Change in distribution of income.
    • Change in season and weather.
    MOVEMENT IN DEMAND CURVE
    When there is a change in the quantity demanded of a particular commodity, because
    of the change in price, with other factors remaining constant, there is a movement of
    the quantity demanded along the same curve.

    There are two movements along the demand


    curve i.e. Upward movement and
    Downward movement.
    1. The upward movement is also called as
    contraction in demand.
    2. The downward movement is also called as
    expansion in demand.
    EFFECTS THAT CHANGE THE DEMAND

    SUBSTITUTION EFFECT: When the relative price of a goods and


    services rises, people seek substitute for it, so the quantity demanded of
    the foods and services decrease.

    INCOME EFFECTS: When the price of a goods and services rises


    relative to income, people cannot afford all the things they previously
    brought, so the quantity demanded of the goods and services decrease.
     CHANGE IN DEMAND

     When some influence on buying plan other than the price of


    Good changes there is change in demand for that good.
     The quality of the goods people plan to buy changes at each
    and every price so there is new demand curve

     When demand increases the demand curve shift rightward.



    When demand decreases the demand curve shift leftward .
    THANK YOU

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