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  • Demand

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    Rahul Kamal
    2 views1 page
    The document contains three graphs that illustrate the demand curve and how it can shift or change. The first graph shows a standard demand curve with a downward slope, where as price increases quantity demanded decreases. The second graph shows how the demand curve can shift left or right, representing a fall or increase in demand. The third graph demonstrates how the demand curve can extend or contract based on rising or falling prices.

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    demand (1)

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    The document contains three graphs that illustrate the demand curve and how it can shift or change. The first graph shows a standard demand curve with a downward slope, where as price increases quantity demanded decreases. The second graph shows how the demand curve can shift left or right, representing a fall or increase in demand. The third graph demonstrates how the demand curve can extend or contract based on rising or falling prices.

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    © All Rights Reserved
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    2 views1 page

    Demand

    Uploaded by

    Rahul Kamal
    The document contains three graphs that illustrate the demand curve and how it can shift or change. The first graph shows a standard demand curve with a downward slope, where as price increases quantity demanded decreases. The second graph shows how the demand curve can shift left or right, representing a fall or increase in demand. The third graph demonstrates how the demand curve can extend or contract based on rising or falling prices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    D E M A N D 6000

    5000
    D

    Price ($)
    4000

    Demand Curve
    3000

    2000

    1000
    D

    1 2 3 4 5 6 7 8
    Quantity Demanded (in millions)

    Demand Curve

    6000

    Fall in demand
    5000 D1 D D2
    Price ($)

    4000

    3000

    2000

    Increase in demand
    1000

    D1
    D D2

    1 2 3 4 5 6 7 8
    Quantity Demanded (in millions)

    Shift in Demand Curve

    6000

    5000 D
    Price ($)

    4000 Rise in prices results in the


    CONTRACTION of demand

    3000 Fall in prices results in the


    EXTENSION of demand

    2000

    1000

    1 2 3 4 5 6 7 8
    Quantity Demanded (in millions)

    Extension & Contraction of Demand

    Downloaded from www.dineshbakshi.com.


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