demand schedule : a table that shows the relationship between the price of a

good and the quantity demanded

P
M

3 &
I demand curve

I
2

D
3
Q

market demand :
the sum of all the individual demands

(x) (y) M . Demand :

2 + 3 =
5
P 1
1 D1
-

3
32
3
-
-

2- -

I
- -
D ,

!
D
I 7 I
It's
1 7

I 23 4 a
Q I 23
Q =
2 Q =
3

Shifts in the demand curve :

·
income :

normal good (4) income

: =
(P)surchasing = increase
power
·

interior good (H) income : =

(t) purchasing power= decrease

>
Prices of related goods :

substitutes :
two similar products that satisfy the same necessity ,
where the
(4) in the price of one leads to a (4) in the demand of the other.

complements pairs of goods that are used together (cars- gasoline) ,

:
where the
(4) in the price of one leads to a (H) in the demand of the other.