Or another way to think of it is, is this entire demand curve.

So it's shifting demand to the right.

Because you're creating artificial demand.

If we talk about an actual quantity, we should say the quantity demanded.

We're going to be talking about how to size the market at the end of this lecture.

So this demand curve will also have the same shape from the top left to the bottom right it satisfies the law of demand.

Let me write that in green.

You're changing the quantity demanded.

And we can use it to launch nanosatellites into orbit.

And I had this captured market. You didn't need contracts.

Even the new Jack 2 field in the gulf of Mexico would only supply a few months of domestic demand.

We can go buy that house.

Actually, we're going to start with aggregate demand and then start talking about aggregate supply.

If we lower the price of a product, that will raise the quantity demanded of that product.

So this right over here.

Is there much demand for these goods?

And so, for any given price point, the demand would increase.

Scenario E, I raise it to 10.

So income goes down, demand goes up.

There is only a poor market for silk now.

We have to meet the demand.

This is the total numbers of cupcakes all of the factories in the market can produce.

This column let me put my price.

And so if income goes up for this laptop, the demand will increase.

So we'll put price in the vertical axis and we'll put quantity demanded in the horizontal axis.

We must reduce energy demand.

So it's now at 4 and then that kills off a lot of the demand.

I should say how price relates to quantity demanded, and how quantity demanded relates to price.

We realized that even rich kids from the suburbs really want DryBath.

So the government does the auction.

But clearly, what's going on right now is just a wholesale printing of money.

Why is that important?

At any given price point, we are going to have a larger quantity demanded.

The equivalent of between 1 and 4 tons of coal are used in the manufacture of a single solar panel.

There is close relationship between supply and demand.

Here is the demand forecast for 1998.

Imported cars are in strong demand.

So I'm going to let you think about that a little bit.

The supply demand balance is tight.

They decide to sell their house.

WRlTING Demand goes up.

There is more people that have money in their pockets.

When everything else is equal and you're only changing price, you're not changing demand.

These goods are in great demand.

There has been an explosive increase in the demand for labor.