Consumer Behaviour is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions. The study of Consumer Behaviour assumes that the consumers are actors in the marketplace.
Consumer Behaviour is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions. The study of Consumer Behaviour assumes that the consumers are actors in the marketplace.
> Resources: DepEd SHS curriculum guide and Rex Book AE
> This helping material comes with a worksheet on a separate document. Message me for any questions. Hope this helps!
Applied Economics: Application of Demand and Supply (Chapter 2.1)
- The Market
- Demand
- The Law of Demand
- Non-Price Determinants of Demand
- Shifts of Demand Curve
- Supply
- The Law of Supply
- Non-Price Determinants of Supply
- Shits of Supply Curve
Supply and demand,the law of demand,the law of supply,equilibrium,shift in demand, shift in supply, Advance Business Consulting, miami, fort lauderdale, http://mba4help.com
> Resources: DepEd SHS curriculum guide and Rex Book AE
> This helping material comes with a worksheet on a separate document. Message me for any questions. Hope this helps!
Applied Economics: Application of Demand and Supply (Chapter 2.1)
- The Market
- Demand
- The Law of Demand
- Non-Price Determinants of Demand
- Shifts of Demand Curve
- Supply
- The Law of Supply
- Non-Price Determinants of Supply
- Shits of Supply Curve
Supply and demand,the law of demand,the law of supply,equilibrium,shift in demand, shift in supply, Advance Business Consulting, miami, fort lauderdale, http://mba4help.com
This is an analysis about Robert Frost's poem, Acquainted with The Night. Diction and Imagery analysis to be exact. Hope this analysis help you to understand it better.
Demand and Supply Analysis (Economics) Lecture NotesFellowBuddy.com
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a. Discuss how Japan went from an isolated nation to a burgeoning .docxannetnash8266
a. Discuss how Japan went from an isolated nation to a burgeoning global power in the 19th and early 20th century.
b. Why did anti-foreign and anti-Qing sentiment grow in China (be sure to treat these separately)? What were the consequences of the anti-foreign and anti-Qing sentiment?
c. Discuss how women participated in the creation of political, social, and economic change in the 18th and 19th centuries. Be sure to use examples from Europe, Asia, and America in your answer.
d. What effects did the French Revolution have on the Latin American Revolutions? Be sure to use examples from at least two of the revolutions in Latin America that were mentioned.
To be used with the supply and demand guide
Supply and Demand Graphs
1
Review of x and Y axis
A graph consists of two axes called the x (horizontal/quantity) and y (vertical/price) axes.
The point where the two axes intersect is called the origin. The origin is also identified as the point (0, 0).
X axis
Moving right from the origin of (0,0), the numbers ascend. Moving left from the origin, the numbers descend.
Y axis
Moving up from the origin of (0,0), the numbers ascend. Moving down from the origin, the numbers descend.
In this course, we will mainly be using the upper right quadrant of the graphic area.
In economics it is the norm to show the independent variable on the y-axis and the dependent variable on the x-axis.
2
The Demand Curve
Demand Curve - A downward sloping curve that measures the relationship between the price of a good and the quantity demanded by consumers.
Demand - The amount that consumers are willing and able to purchase at various prices.
Change in Demand – A shift in the position of the demand curve that occurs in response to a change in one or more of the determinants of demand (non-price induced change).
Law of Demand – All other factors equal, the higher the price of the good or service, the lower the quantity demanded (price induced change). And the lower the price, the higher the quantity demanded. Price and Quantity Demanded vary inversely.
Change in Quantity Demanded – A change in the quantity consumers are willing and able to purchase. It is a response to a change in the market price.
3
Why does the demand curve shift?
The Determinants of demand
Shifts in the curve (change in demand) result from changes in one or more of the non-price determinants of demand:
Number of Consumers in the market (Size of Market)
Consumer Tastes and Preferences
Consumer Income
Prices of Related Goods (Substitute Goods and Complimentary Goods)
Expectations about the Future
4
The Demand Curve: Increases In Demand
Increase in Demand
Curve shifts to the right as a result of an increase in demand by the consumers (D1 to D2). This is caused by a change in one or more of the determinants of demand.
This causes Price to increase (P1 to P2). This shows a willingness to pay a higher price for all pos.
The law of demand expresses the functional relationship between price and quantity demanded.
Assumption of ‘ Ceteris Paribus’. A hypothetical assumption
If price of a commodity falls, the quantity demanded of it will rise and vice versa.
Inverse relationship between price and quantity
Other factors also play an important role.
Real world variables.
The indifference curve analysis has also been used to explain producer’s equilibrium, the problems of exchange, rationing, taxation, supply of labour, welfare economics and a host of other problems. Some of the important problems are explained below with the help of this technique.
(1) The Problem of Exchange:
With the help of indifference curve technique the problem of exchange between two individuals can be discussed. We take two consumers A and В who possess two goods X and Y in fixed quantities respectively. The problem is how can they exchange the goods possessed by each other. This can be solved by constructing an Edgeworth-Bowley box diagram on the basis of their preference maps and the given supplies of goods.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
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Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
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If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
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And...
Speakers:
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GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
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Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Epistemic Interaction - tuning interfaces to provide information for AI support
The law of supply and demand
1. The Law of Supply
and Demand
by Jean Lee C. Patindol, c2011-12
2. Demand and Supply
Determinants
Price of the good
Non-price determinants:
Taste or level of desire for the
good by the buyer
Income of the buyer
Prices of related products
Substitute products (directly
competes with the good in the
opinion of the buyer)
Complementary products (used
along with the good in the
opinion of the buyer
Future expectations
Expected income of the buyer
Expected price of the good
For the total demand: the
number of buyers in the
market
Price of the good
Non-price determinants:
Changes in number of
producers
Resource prices (prices of
the inputs necessary to
produce the good)
Technological changes
Prices of other goods
Substitute
Complementary
Expectations of future prices
Natural bounty/ calamity
Government
incentives/disincentives:
Subsidies
Taxes
by Jean Lee C. Patindol, c2011-12
3. The Law of Demand,
The Law of Supply
As the price of a good
decreases/increases,
ceteris paribus, the quantity
of that good that consumers
are willing and able to buy
increases/decreases
There is an inverse
relationship between price
and quantity demanded.
Consumers want the lowest
price possible.
As the price of a good
decreases/increases,
ceteris paribus, the quantity
of that good that producers
are willing and able to sell
increases/decreases
There is a direct relationship
between price and quantity
supplied.
Producers want the highest
price possible
by Jean Lee C. Patindol, c2011-12
4. The Law of Supply and
Demand
P
Q
D
S
Pe
Qe
by Jean Lee C. Patindol, c2011-12
5. The Law of Supply and
Demand
At any price except one (Pe), the amounts that buyers are willing to buy
and the amounts that sellers are willing to sell are unequal.
It is only at the price where the amount that buyers are willing to buy
and the amount that buyers are willing to sell are equal that there is
market equilibrium (“the market clears”).
The intersection of supply and demand curves determines the
equilibrium price and quantity.
In a competitive market, price functions to equalize the quantity
demanded by consumers and the quantity supplied by producers,
resulting in an economic equilibrium of price and quantity.
Any point above the equilibrium price and quantity is a surplus (B in
next diagram) ; any point below the equilibrium price and quantity is a
shortage (A in next diagram). Therefore, price floors and price
ceilings become ineffective over the long term.by Jean Lee C. Patindol, c2011-12
6. The Law of Supply and
Demand
Price floor
Price ceiling
by Jean Lee C. Patindol, c2011-12
7. Demand increases/decreases;
Supply is constant
More consumers
Decrease in taste
P
Q
D
S
Pe
Qe
D1
P1
Q1
D2
P2
Q2
by Jean Lee C. Patindol, c2011-12
8. Demand is constant;
Supply increases/decreases
P
Q
D
S
Pe
Qe
S1
P1
Q1
S2
P2
Q2
by Jean Lee C. Patindol, c2011-12
More workers
Less workers
9. Demand increases; Supply
increases
Family incomes increase from OCW remittances
More home depots
P
Q
D
S
Pe
Qe
D1
S1
P1
Q1
by Jean Lee C. Patindol, c2011-12
10. Demand decreases; Supply decreases
Consumers tighten buying due to rising oil prices
Producers curb production due to rising resource costs from rising oil prices; moving towards
recessionP
Q
D
S
Pe
Qe
D1
S1
P1
Q1
by Jean Lee C. Patindol, c2011-12
11. Demand increases; Supply decreases
Speculation and fears of scarcity drives people to consume more fuel
Nigerian bomb blast of two major fuel plants decreases world fuel supply
P
Q
D
S
Pe
Qe
D1
S1
P1
Q1
by Jean Lee C. Patindol, c2011-12
12. Demand decreases; Supply increases
Due to climate change consciousness, people consume less fuel
Due to oil deregulation law; Producers produce more fuel
P
Q
D
S
Pe
Qe
D1
S1
P1
Q1
by Jean Lee C. Patindol, c2011-12
Editor's Notes
More consumers; or decrease in taste
More workers for a certain profession; or less workers
Example: family incomes increase from OCW remittances; more home depots
Consumers tighten buying due to rising oil prices; producers curb production due to rising resource costs from rising oil prices; moving towards recession
Speculation and fears of scarcity drives people to consume more fuel; Nigerian bomb blast of two fuel plants decreases fuel supply