Increase in 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 an 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.
Increase in Demand
When we discuss about demand &
it analysis, we assume that other thing will be remain same. In other
things, we include like income, interest in particular thing & price of
other things. If there is a change in
any one of the factor like income then our buying power increase on same
price list and know we are able to buy more products on the previous high
price. We call it “shift of demand curve
or increase in demand”.
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| Increase in Demand |
These show that on same price we
increase our demand from Y to Z and quantity also from Q to Q1.
