What is Demand Curve | Types of demand curves | The law of demand | Shifts in the demand curve
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From this video you will
From this video you will learn What is Demand Curve & how it works, Types of demand curves, The law of demand, Shifts, Exceptions to the demand curve , Demand Curve for beginners in english.
Demand Curve:
Demand curve is the visual or the graphic representation of the relationship between the product’s price and the quantity of the product demanded for a given period of time.
It follows the law of demand which states that the quantity demanded will decrease as the price of the product increases
Types of demand curves:
- Individual demand curve
- Market demand curve
Individual demand curve: It is a visual or graphical representation of individual demand schedule. Individual Demand curve is a curve that shows the different quantities of a product demanded by an individual customer.
Types of demand curves:
- Individual demand curve
- Market demand curve
Individual demand curve: It is a visual or graphical representation of individual demand schedule. Individual Demand curve is a curve that shows the different quantities of a product demanded by an individual customer.
The determinants of demand are:
1. Price of the related goods.
2. Income of the buyer
3. Tastes or preferences of the buyer
4. The expectation of the buyer especially about the future prices.
Shifts in the demand curve:
Shifts in the demand curve are affected by consumer interest. Several factors can lead to a shift in the curve.
Exceptions to the demand curve:
There are some exceptions to rules that apply to the relationship that exists between prices of goods and demand.
One of these exceptions is a Giffen good.
A Giffen good is a low income, non – luxury product that defies or does not follow standard economic and consumer demand theory.
For example, a staple food like bread or rice for which there is no viable substitute.
The demand will increase for the Giffen goods when the price increases and it will decrease when the price falls.
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Demand Curve:
Demand curve is the visual or the graphic representation of the relationship between the product’s price and the quantity of the product demanded for a given period of time.
It follows the law of demand which states that the quantity demanded will decrease as the price of the product increases
Types of demand curves:
- Individual demand curve
- Market demand curve
Individual demand curve: It is a visual or graphical representation of individual demand schedule. Individual Demand curve is a curve that shows the different quantities of a product demanded by an individual customer.
Types of demand curves:
- Individual demand curve
- Market demand curve
Individual demand curve: It is a visual or graphical representation of individual demand schedule. Individual Demand curve is a curve that shows the different quantities of a product demanded by an individual customer.
The determinants of demand are:
1. Price of the related goods.
2. Income of the buyer
3. Tastes or preferences of the buyer
4. The expectation of the buyer especially about the future prices.
Shifts in the demand curve:
Shifts in the demand curve are affected by consumer interest. Several factors can lead to a shift in the curve.
Exceptions to the demand curve:
There are some exceptions to rules that apply to the relationship that exists between prices of goods and demand.
One of these exceptions is a Giffen good.
A Giffen good is a low income, non – luxury product that defies or does not follow standard economic and consumer demand theory.
For example, a staple food like bread or rice for which there is no viable substitute.
The demand will increase for the Giffen goods when the price increases and it will decrease when the price falls.
-----------------------------------------------------
#DemandCurve, #Typesofdemandcurves, #Simplyinfo,
-----------------------------------------------------
Music: Ukulele - Bensound
https://www.bensound.com
----------------------------------------------------
.......
Our Mantra:
Information is Opportunity.
Knowledge is Power.
Be Informed - Be Powerful!
SUPPORT US:
SUBSCRIBE / LIKE / SHARE / COMMENT :)
Subscribe Link: https://goo.gl/qbyzFb
.......
CONNECT US:
Website: http://www.simplyinfo.net
Facebook: Facebook: SimplyInfo.net
Twitter: Twitter: SimplyInfo9
YouTube: simplyinfo9
Slideshare: https://www.slideshare.net/SimplyInfo9
Pinterest: Pinterest: SimplyInfo9
Instagram: Instagram: simplyinfo9
YouTube Subscribe Link: https://goo.gl/qbyzFb
.......
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Games & Sports: https://goo.gl/uTXRWB
Jobs & Career Info: https://goo.gl/cbCDXy
Business Management: https://goo.gl/1sDjfW
Information Technology: https://goo.gl/nWYpK8
Physics Concepts: https://goo.gl/FnLmes
Education & Learning: https://goo.gl/54TR8A
Filmmaking Concepts: https://goo.gl/RQL5qn
Psychology Concepts: https://goo.gl/oYNNKA
Indian Law Concepts: https://goo.gl/m98pWn
Economics Concepts: https://goo.gl/yymX98
.......
About Simplyinfo.net:
We provide the best info bytes videos in a very simple and effective way to learn, to revise and to master micro-content information. We simplify information in a wide variety of categories.
PLEASE SUBSCRIBE to the channel for support.
For any kind of courses / tutorials - Ask in the Comments.
Visit our website: http://simplyinfo.net/ for all kinds of Courses and Info Videos.
Contact Us: [email protected]
Be Blessed with Love, Health & Happiness.
Cheers & Have Fun :)
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SUBSCRIBE LINK: https://goo.gl/qbyzFb
3 سال پیش
در تاریخ 1400/07/23 منتشر شده
است.
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