What you know about “Demand”
This theory defines by marshal.
Demand is the quantity of any product which a consumer has ability to buy on
different price. For demand, it is must that consumer have a interest in that
product & also have buying ability or money.
When, we accumulate all the demand
of any product I economy that is total demand of product in economy. When we
discuss about demand theory, we assume that all thing remain same in the
economy.
Demand analysis – demand is the
equal to the quantity which a consumer wants to but on different price when
other thing remains same in the economy. Demand theory or curve show the buying
behaviour of consumer on different price. If any things have a high price, few
people show interest to buy on that price. But if same product have a less
price or cheaper then lot of people show their interest to buy that product.
For example – if any things have a
high price like 5 rupee then we buy 10 units,
4 rupee we buy 20 units,
3 rupee we buy 30 units,
2 rupee we buy 45 units,
1 rupee we buy 65 units
 |
| Demand with different price |
These things show that on high
price, we have low demand and on cheaper or low price, we have more or lot of
demand.
Increase in Demand
Decrease in Demand
Income Demand
Increase in Demand
Decrease in Demand
Income Demand
