CHAPTER 2
THEORY OF
DEMAND
, Topic Learning
Outcomes
At the end of this topic, student
should be able to:
1. To explain demand theories
2. To draw demand curve
3. To explain determinants of
demand
4. To explain exceptional demand
, Definition of
Demand
- the willingness and ability of buyers to
purchase different quantities of a good at
different prices during a specific time period.
- total of goods and services that buyers are
willing and able to purchase at different prices
in specific time period, ceteris paribus.
THEORY OF
DEMAND
, Topic Learning
Outcomes
At the end of this topic, student
should be able to:
1. To explain demand theories
2. To draw demand curve
3. To explain determinants of
demand
4. To explain exceptional demand
, Definition of
Demand
- the willingness and ability of buyers to
purchase different quantities of a good at
different prices during a specific time period.
- total of goods and services that buyers are
willing and able to purchase at different prices
in specific time period, ceteris paribus.
