The document discusses the demand curve and factors that affect demand. It explains that the demand curve is a downward sloping curve that shows the inverse relationship between price and quantity demanded of a good. It also outlines several factors that can cause a shift in the demand curve, including price, income, population size, price of related goods, tastes, and other specific factors like weather. A rightward shift of the demand curve indicates an increase in demand, while a leftward shift represents a decrease in demand.
economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.
Learn how to mathematically solve for the equilibrium price and quantity in a market when given specific supply and demand curves.
Higher prices tend to reduce demand while encouraging supply, and lower prices increase demand while discouraging supply. Economic theory suggests that, in a free market there will be a single price which brings demand and supply into balance, called equilibrium price.
This is a presentation on market structure - topic of Economics -
It includes:
What is Market?
What is market structure?
Characteristics of Market
Classification of Market
1)Area or region
2)Time
3)Functions
4)nature of Commodity
5)Legality
Types of Market structure
characteristics of all market structures
This can be useful for BBA student of 1st year.
economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.
Learn how to mathematically solve for the equilibrium price and quantity in a market when given specific supply and demand curves.
Higher prices tend to reduce demand while encouraging supply, and lower prices increase demand while discouraging supply. Economic theory suggests that, in a free market there will be a single price which brings demand and supply into balance, called equilibrium price.
This is a presentation on market structure - topic of Economics -
It includes:
What is Market?
What is market structure?
Characteristics of Market
Classification of Market
1)Area or region
2)Time
3)Functions
4)nature of Commodity
5)Legality
Types of Market structure
characteristics of all market structures
This can be useful for BBA student of 1st year.
Its is the power point presentation on the topic demand. it includes various topics like definition of demand, factors affecting demand, law of demand, demand function, expansion-contraction,increase-decrease, price elasticity, income elasticity and cross elasticity. And it is most useful to the students who want to learn the concept of demand.
Economics, Law of Demand, Determinants of Demand, increase and Decrease in Demand, Extension and Contraction in Demand, Exception of Demand, Assumptions of Demand
Its is the power point presentation on the topic demand. it includes various topics like definition of demand, factors affecting demand, law of demand, demand function, expansion-contraction,increase-decrease, price elasticity, income elasticity and cross elasticity. And it is most useful to the students who want to learn the concept of demand.
Economics, Law of Demand, Determinants of Demand, increase and Decrease in Demand, Extension and Contraction in Demand, Exception of Demand, Assumptions of Demand
Forecasting is the process of making predictions of the future based on past and present data and analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. After gathering information about various aspects of the market and demand from primary and secondary sources, an attempt may be made to estimate future demand.
This is a small and easy description of demand and its determinants. PLEASE MUST WATCH IT AND UNDERSTAND IT AND ASK YOUR QUARRIES ALSO , i would love to solve it and give your peaceful reviews regarding this presentation weather it is bad or good.
THANK YOU!!
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢ Winner [CROSS] Tour in HCM
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➢ Korean Vietnam Partnership - Fair with LG
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➢ Vietnam Food Expo with Lotte Wellfood
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2. Demand Schedule
• “The higher the price or the more expensive a
product is, the less quantity people are willing to
buy of the product. Conversely, the lower price of
a product, the more the consumers demand of
such product.”
- relationship between the price of a good and the
quantity of the goods that consumers are willing
to buy.
-represented by the demand curve, when plotted.
3. The Demand Curve
-graphical representation of the demand
schedule. It is a downward sloping curve.
- It shows the inverse relationship between the
price and quantity of goods that consumers
are willing to buy.
4. The demand curve, a downward sloping curve, shows the
relationship between the price of a good and the
quantity demanded. At a lower (P1), quantity
demanded is higher (Q1). At a higher price (P2),
quantity demanded is lower (Q2).
5. The Law of Downward and Sloping
Demand
• When the price of a commodity is increased (all
other things being equal), consumers tend to buy
less of the said commodity. On the other hand,
when the price is decreased (or lowered), all
other things being equal, quantity demanded for
that specific product increases.
• This is represented by a graph running
downwards to the right showing the inverse
relationship between the price of a good and the
quantity demanded of such.
6. Factors that Affect the Demand Curve
*Own Price of the Product
- The price of a product is a certain monetary
value at which the product is being sold. A
higher own price of a product decreases the
demand for such. A lower price increases the
demand. Thus, there is an inverse relationship
between the price of the product and the
quantity being demanded.
7. *Average Income
• As the Average Income of people and
households increases, the demand for specific
goods also increases.
• This is because when people have higher
incomes, they have more money to spend for
buying things.
• “Higher incomes make commodities relatively
cheaper simply because people have more
money to buy goods and services.”
8.
9. *Population Size and Demographics
• As the population increases, more people will use
commodities. As more members of the population
enter adulthood, the demand for specific products
that are being used by the specific age group also
increases, e.g., cars, cigarettes, watches, among
others.
Remember that an increase in population generally
increases the demand for most products, and changes or
shifts in population demographics will affect the demand
for specific products.
10. *Price of related goods
• Related goods can either be substitute
products or complementary products.
Substitute products
- Are commodities that decrease the use of another
product when more of these other products is
used.
.
Remember that substitute products change and move in the
opposite direction.
11.
12. Complementary products
- behave in the same direction. These are
commodities that decrease the use of another
products when less of the other complement
is used- and vice versa.
Remember that they change in the same
direction.
13.
14. *Taste of Buyers
- influences buying decisions but is more difficult to assess.
Taste, more likely than not, differs from person to person.
-Although difficult to measure, taste is very important
factor in buying decisions of consumers. It is what
marketing companies try to determine before launching a
certain product in the market by doing market research.
Marketing companies spend a lot of money on these type
of research. Why? Because in determining buyers’ tastes
may lead to disastrous mistakes in the choice of products to
offer to consumers. Likewise failure in selling or marketing
such products may also lead enormous amount of money
being wasted.
15. *Other particular factors
-Climate and weather affect the demand for
umbrellas and raincoats. Summer increases
the demand for halo-halo and ice cream.
Fiestas affect the demand for lechon, pancit
and beer.
16. The Demand Shift
• Any of the factors stated above may positively or
negatively affect the actual demand for a certain
product.
Remember that:
1. A shift to the Left corresponds to an actual
decrease to the demand;
2. A shift to the Right corresponds to an actual
increase to the demand; and
3. There is a “movement along the curve” if only
the prices of products are manipulated.
17. • The Demand Shifts. Shift to the right indicates a positive (+)
shift, or an increase in actual demand for a commodity.
Shift to the left indicates a negative (-) shift, or a decrease
in the actual demand for a commodity. Movements along
the curve are appreciated when only the prices of products
are changed. There will be no actual shift.