Chapter 3 Demand . a
Demand ~> 3% is the quantity of a commodity Lr
consume 1s Llding box, oe to buy at edch huside
fice duwing a Teodicule poted & tme.
Foun essential elements of demond:
1- Quanhly 6 the
33- Wind boy cemmedity ©
Price 1 Har commiciy
4 Period of me :
“Thee ave hoo Tybes of demand :
1- Frdividuad domand 2: Mootked demand _
1 Sndwiduad demand - M oehers Yo the. quanti oa
p commodity Fhat a consumer
IT and She ;
pot each battle jorice. dingo. guen. period 8) Yime
Facto affjicting demands
)Priced)
Cs
bn gon commodity: Tue oh ae
,| .a
= Typo of ulated coos:
- Susthhde pods They ae those goods ohh canbe sacdn
ace off ond anothen rh satwfochen of o porfcolon wart.
— xo Yeo coffee, fn moease in 4 price Jeads Yo nedteqe
_ in-demand Jot given commodity foie -voua. —
(0) Comfplemen goods’ Then ave thse goods hich ose used
Togelen to aotifi a berhodon want, Dike ten and
| AR incase wm iE fsice Jeods to decoeose ind
— Given commodity and vice -voua. & Te pric of Fhe elated
= good and quandity of tha seldid in sue of cmpUmervy gonads
an) Yincome... of COMAUMEN JE —— - eg
. ; . To ~
1} grven_ commadily is © roxmal goed |, then NCEA 10 income qo
_ eadh to ise in 4, demand, Wide dec nente in_tncome neduce sgn
o
_e givon_commadity. wan | Snian_gsd thon an incense in_ gy
_ income seduced demand while ded sease in incom
ar
~
sige in dewand. _ . ~
vr Toate. and Prefjences; Tne include changes in fabian,
= atin, bones: Tyo rg npn, eg
y