Economics

1. Good
Afternoon


2. - refers to the number or amount of
goods and services desired by the
consumers at various prices.
- are not just a psychological
occurrence that
implies simply a
pure “want” or
“desire”.
Demand

3. Quantity Demand
- refers to the amount of goods or
services consumers are willing
and able to buy.

4. Law of Demand

5. It can be noted that the law
of demand deals with the
functional relationship
between price ad the
quantity demands.

6. Validity of The Law of Demand

7. 1. Income Effect
2. Substitution Effect

8. Determinant of
Demand

14. Demand Function

15. Qdx = f(Px, P, e, Prel, T, Pop)
Where:
Qdx = demand
Px = price of goods and services
Y = income of consumers
E = consumers’ expectation of future prices
Prel = price of related products
T = consumers’ tasted and references
Pop = population

16. Demand
Schedule
- shows the tabular
presentation of the
relationship between
the quantity of a good
demand and the price
of the goods

18. Its shows grammatically the relationship
between the quantity of a good demanded and
its corresponding price, with other variables
held constant.
𝑫𝒆𝒎𝒂𝒏𝒅 𝑪𝒖𝒓𝒗𝒆

21. Change in Quantity
Demand

22. Change in
Demand
- is brought by the
changes in the non-
price determinants of
demands.

23. Thank You
For
Listening!