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Demand

Demand

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Published by Abbas Ansari

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Categories:Types, Business/Law
Published by: Abbas Ansari on Mar 24, 2010
Copyright:Attribution Non-commercial

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04/28/2015

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Demandslide 1
 MODEL OF DEMAND
The model of demand is an attempt toexplain the amount demanded of any goodor service.DEMAND DEFINEDThe amount of a good or service aconsumer wantsto buy, and is ableto buy per unit time.
 
Demandslide 2
TH 
 E ³S 
 ANDARD´ MODEL OF  DEMAND
The DEPENDENT variable is the amount demanded.The INDEPENDENT variables are:the good¶s own pricethe consumer¶s money incomethe prices of other goods preferences (tastes)
 
Demandslide 3
OU COULD WRI 
 E 
TH 
 E  MODEL
TH 
 IS WA
Y:
The demand for tacosQ
D
(tacos) = D(P
tacos
, Income, P
spaghetti
, P
 beer 
,tastes)

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