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

But it was obvious to me, right? Buy low, sell high.

Let me write that in green.

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

So it's shifting demand to the right.

It puts pressure on water demand.

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

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

Scenario E, I raise it to 10.

Even the new Jack 2 field in the gulf of Mexico would only supply a few months of domestic 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 this demand curve will also have the same shape from the top left to the bottom right it satisfies the law of demand.

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

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

The supply can not keep up with the demand.

This puts pressure on food demand.

So income goes down, demand goes up.

Here is the demand forecast for 1998.

Imported cars are in strong demand.

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.

We can go buy that house.

Because you're creating artificial demand.

These goods are in great demand.

If it's a little confusing to you right now, hopefully by the end of this video the difference between demand and quantity demanded will become a little bit clearer, and definitely over the next few videos.

I'm sure some of you out there are economists, and you know all about supply and demand.

There is a great demand for gasoline.

And if there's more cash in the banking system this guy right over here needs less

This is what we call the DEMAND SCHEDULE.

And so essentially, it will shift, it will change the entire demand curve.

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

I'd rather have than just getting more of this thing right over here

So, income goes up, then that increases demand.

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

So if I were to draw the demand curve, it could look something like this.

Is there much demand for these goods?

When we hold everything else equal, we're moving along a given demand curve.

So population goes up.

And their sales channel were going to be websites or stadium shops or ticket websites or direct mail.

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

There is only a poor market for silk now.