Demand
Demand is the willingness and ability to purchase goods and services of consumers at various prices .
Law Of Demand
All other things unchanged ,when price increases of goods and services , the quantity demand of this goods and services also decreases and when the price decreases of goods and services , the quantity demand of this goods and services also increases .
Demand Schedule
Demand Schedule is a table that Shows the inverse relationship between price and quantity demanded.
Demand Function
Qd =a-bP
Qd=Quantity demanded (Shows that how price determine quantity demand of goods and services)
a=intercept(shows quantity demand when price zero)
b=slope of the demand function
P=price of goods and services
Demand Curve
Demand curve is a graph that shows the inverse relationship between price and quantity demand .Demand curve is downward sloping because when price increases , quantity demand also decreases and when price decreases , quantity demand also increases of goods and services.
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