Demand

Demand Analysis
Demand equations
Dx = 10-2p
Price of x Dx or (Q) Quantity
Demanded

0 10
1 8
2 6
3 4
4 2
5 0
 Diagram

Price

Quantity
 Factors Influencing Demand
Price
Income
Price of related goods and services
Advertisements
Climatic conditions
Temperature
Government policies
Tax rates
Technology and the quality of the products
 Factors Influencing Demand…
Customs, tradition and culture
Religion
Languages
Population
Fashion
Taste and preferences
 Changes in demand
Changes along the demand curve
It is known as Movement along the demand curve
The changes is due to price and all other factors are
constant
 Shift in demand curve
Increase in demand and decrease in demand
The changes here is due to other factors and price
remains unchanged.

Price

Q. D
Exception to the law of Demand
Giffens Goods
Snob Appeal or Demonstration Effects
Natural Calamities
Future Expectation of prices
Articles of Antique
Rare Articles or Rare Goods and Services