Micro 4 - Demand
Micro 4 - Demand
Definition: Demand
1½,..it. C\'-''0.-n-h bV'j'ef !::a O,.)\.Q. L..::l·~ " j OJ\d.. o...k,\J.. t.O \-::,.~ o.k 0.... ~ IV~
pc-,cg. 'Vi c,.. ~\ ~ :A p e • \OC) oP \:::iJ"'--<- •
I
Definition: Individual Demand '
""(;'\,-....a_ d.....v'Y\ oJ\.C}. ()~ 0--
J
Definition: Market Demand
'
, The difference between a movement and a shift
M ovement along a demand curve •
A movement along a demand curve_shows how quantity demanded responds to a change in price
What does a movement look like? Explanation
An extension in demand represents an <nc.reas<c!
in quantity demanded as a result of -a cW M S. e
in price.
p'
J
p'1.
I
I
I
A contraction of demand represents an
d,,Dcfi>D.S.e_ in quantity
demanded as a result of an ln crease
in price.
fl1..
t '
P' _j _
Micro 4 - Demand
Definition: Demand
1½,..it. C\'-''0.-n-h bV'j'ef !::a O,.)\.Q. L..::l·~ " j OJ\d.. o...k,\J.. t.O \-::,.~ o.k 0.... ~ IV~
pc-,cg. 'Vi c,.. ~\ ~ :A p e • \OC) oP \:::iJ"'--<- •
I
Definition: Individual Demand '
""(;'\,-....a_ d.....v'Y\ oJ\.C}. ()~ 0--
J
Definition: Market Demand
'
, The difference between a movement and a shift
M ovement along a demand curve •
A movement along a demand curve_shows how quantity demanded responds to a change in price
What does a movement look like? Explanation
An extension in demand represents an <nc.reas<c!
in quantity demanded as a result of -a cW M S. e
in price.
p'
J
p'1.
I
I
I
A contraction of demand represents an
d,,Dcfi>D.S.e_ in quantity
demanded as a result of an ln crease
in price.
fl1..
t '
P' _j _
