eating Oe “Demand % Demand tteFercs tothe. uaindityy 6 = ee aj buyers Are aiid He ee gee ecto pour pectces duccin Neer ae iy part wage iinet slauanieg £ Henge as TAD ‘panting cite) of Demand +! a a Se ee eee enc _ : Puice o€ thd commode: Inverse -melahionthip behoeen prefce. and qwan tity. demanded - lated treods ~ behtute Goods - there is a 1 festive reelaton eka. er) 1) ne | Docome of the Concumore=! | normal Ginodé— Incveate’ tn tneome \eads' tn increase tn demand | Tnferiom cipods > Gucinttiy demanded eices to a coclain uy lérel_and decreases Wit CeO me: Tale aod: Profenances Dea. ere is in fachion , then: ——-Band og eect C1reend ) ten J treeet CRich Pecton) pl aanipies: tereck | ( Coram 0). (igen mo Cxpeclation ¢ of change ein jn Paice in future _Direect_melatonshte vemneco expecta ls Serer in hce. and change fi nob change ty In tuceneo) Pertiog.| > OGerce facto. ; Se eat eae oa He rise ag DV - aco lce Fact ore “Crteds : Toterect Rare + “emia “Do £ The Demand function— RaW a ws eclatvonsht see demanded : Of A Cornmodity and the factions jnél\ue Daa Llp ty 9 1) Where Dyi= Demand fc Commodity ars) Pre = Preice of Related (moods y Incorne of wa Comeume re wat _ fy Preice oF the cornmedtbye iz T=. Taste and Preferrance nytt —_.___a-taw oF Demand the WMverece elation. lbchdeen otro and quantity demanded ‘koopina Otho constant (loleris Pucci buc\s —oan — i ; Th a __A demand. schedute 56 a tavte coor ot oe agen \nat ae chon ee —dusin Quandty Demanaed | chequle — a 4h Period of Atv, Stopes! dowepared COM (eft ty ertant> Ve DD _| Ane quentKties Jip purchase as Atheccent thange in Paice \ \ . leads tp y arse o. ons jhe 4 ae FOU Award wowement | = DP ward Movement C EXPansion ty Demand ( contrac hon in demand | Guero detreasein price) Aue to wicelo price of Commodity ) + “ p=eligi eee ' Fosaoc sire ee age oe Thanae wy factons Uihert hao Price} __ ae ; ( qo Pose ss ag int 6 ey Chip} in Demand Curve ee Sa CIncreace in deman4) C decrease in demand Ex Rice in Price of Substitutes Tau tw peice of Substhue, Lan in Price of complement + vice In Population etC- Rise in parce of complemen,’ Aecreatt in Yopusaon ete A 6 fo = 4- . Preece terect T > [Substriution Erect. | Sn come tfreck 1 reefere ty subs titita Ab eecen te effect on ema oe Commodity in Place of i when real Income Of the dWere Dhen it Becomes relahvet Cheaperce ue tv Fails nit Pitce (Mo change im perce of cuoshhete). 7 Ul increases Purcchacio ¢ Pow ere of the Consumer: Consuenere Changes. hen Pectco of coromnodi ty ae| DING ne eto. bub nee \ RMP: chs Place itn canteen baaget ee ee OF Vemand 2- ==¥ in of Demand refers ty sesponsivenees of th ra Tf aon Sty eee ech oe Area 2. ange moe of {+e a [asiables an Which demand depends erat of Demand = h fl A change in Suantity pemonded = e/a in factore atcechag demand = ee Ty | Paice Elasticity OF Demand 1 as A ai Se ed i 0 i thy As acesult | of peer cota e athang Sp peice of thet Comm sty: a l : . Ep’ = 7 change in Auantity demanded 2 se Change in Price. oR i 5 pean aa : i A AP nts _is, ight We sign | Ag: demand Curves Slopes dorsnced fe a4 t 4 bs 00) price crash iby i negahves — aint Ela stici. ‘4 = ao =. ene l ——Ihe_poina Serastici ty of Berane cia! i es ta 2 2 demand i a. i poiot mn alee fee : ne “$7 Ic use fut tu_measuce eae soit respect tos a el ight kan, el OS ee Se | ee 4 ie ethos Saar cere i a ee eee uippec Segeneak, a . = = Y | a | IE Deco Elasticity (Mid Point Method’) — | ep= 02-8). xB apa cb 82404 > - PA Whene fi , Gy ace ouiginal Paice 20g each Num erica Deserip tory Measurce E=0 | Quantty: dermany eee i with od ceaitas ‘ — : ssein Quen ty demand tsiese | Tnejacfic in pave i bangs io quantity demand % < ty mand %¢ a) tps */. in ied Pre fen tectty + ANd. demand toccomer zero with w etastic = Si Sleqnt wise ty Pic’ [ as 4 — vera tedi te Price ange in Price 7g dtvectt goos not change Pith——— Derecnnanie or Prtce: tasbidty—? . B elae — — CO Arattattity or a aniaie i Mice uns bis Mant a ee —— Dh vad orien Biaicetinainet ee eet _ 4 Queeatere the gerupnis Saas eee RN else abr ese — a Qatar of commodity = Wuxuey e a ee dca ee emi etchcc ann a : ian pal aes F ete z é T Demand — we acoandg tor qsod Which + ae ie eq Demand . Ei th Change to demand Ye change fry income Fore nonmal trovas ingore Clasterhy te tve i 7 a inferntore qovds have VE | tnt g astierty® d Pocome clacheity tr luyury aguds 46 greaterc thanme T a J and income i a for neccesity gaods Fe eee doen gne- g z EE otCicoss Price Clashierty OF Demand = : Me nce heres 0 the. ees Change-in- deniang forte omomoedihy wi lh_ccespect _to_p aca hee Change tn —pdce of accerare4© aad he Change in quantiy demanaed ot X ec = tive Xana yace Substitutes TE Goud ¥ andy arte Pectect Subs prare et = ec = 0 TE Qooq X And VY are unnerated + IE Good ¥ and y axe ComPlerpentany En = -ve aWve Croce elashicity is que. — oie! Noumatty Mae meacon ef 0 Abis nega tve Cross Cte es __||_ 4p comprement " ies ~ = _ me happen tn — ay ae 2 =| iE__atierc taccease. to pa 6 fap metand aan =| Csay 2) Ahe coms. atic tow loutg-et fey otto: rgen ds ce yD ar itt weduce tue — 4 {oe yond Y= eae || Bo trie care ana y ace nsk complemen tan tour there $s | decoang ||_neqatee vetananship be toeen Pac ena a eaalet ee | ova y+ “This fs _cus ; | = ! : Daven coment Wash hy = ee a 4/2 demand to chang? Dime feces to _ctes pos igen tise a0; Sa