2

I. (Demand)
1.1


*

(Purchasing Power)

*

1.2

(Qx )

(Px)

(I)
(Py)

(T)

(N)

X (E
p) Y
4

(P
(Pxx))

PPXX
Q

Q
XX
X

PPXX
Q

XX
X
5

2.

(Normal Goods)

(Inferior Goods)

3.

( Complementary Goods
)
Y
X

3.

(Substitution Goods)
Y
X

Y
X

4.

Trend Fashoin
5.

10

1.3

( Demand Function )

Py, T , N , Ep)

Qx= f ( Px, Y,

Qx X

Px X
Y

11

1.4
(Price Demand)

Px )

Qx= f (
12

1.5 ( Law
of Demand )

13


(/.)
15 A
B
14
C
13
12
11
10

1 2 3

F
6

Dx

(.)
14

1.6 ( Market
Demand )

15

1.7

1.

(Change in Quantity Demanded)



(Change in Quantity)

(/.)
15

B
A

14

13
0

(.
17

2.
(Change in Demand)

18


(Change in Demand)

(/.)

12

shift

N
D
1

11

D2

(.)


(Change in Demand)

(/.)

12

Q shift

D2

D
1

(.)

II. (Supply)
2.1

21

2.2
(Px)

2. (C)

1.

22

3. (T)

4. (W)

5 (N)

6 (Ep)

23

2.3

( Supply Function )

Qx= f ( Px, C, T , W , N
, Ep)
24

2.4 (Law of
Supply )

25

(/
Sx

.)

1
514
1
13
21
1
1
0
0

4 (
5
26

2.5

27

2.6

1.
(Change in Quantity
Supplied)

28

29

2.

30

P2
P1

A
Q1

Q2

P
S1
S Q shift
S

S
2
Q

Q
shift

32

33

34

35


shift

shift

36



P
13
12
11
0

S0
A

S1

C
D

9 11

S2

37


shift

shift

P
3

15 20 30 4 45
M

SM

.........
..........
3
..........
1
.........
3 .............
Surplus .............
1 ..............
Shortage .........
40