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Kairavi 9th Economics
Kairavi 9th Economics
PRESENTED BY:
KAIRAVI
Submitted to: Mrs Ranjana
Demand
The willingness or ability to buy a product.
Demand and price are inversely related.
DEMAND CURVE
0
EFFECT OF A CHANGE IN A PRICE
OF A DEMAND
D
D 40 30 = Increase in demand.
( extension in quantity demand)
40 50 = Decrease in demand.
(Contraction in quantity
demand)
CONDITIONS IN DEMAND
Increase in demand
Price is constant
but other factors
increases due to
which demand is
affected.
Decrease in demand