The most fashionable trend of the season is ushanka hats
Posted: Thu Feb 13, 2025 5:07 am
The graph shows the change in the volume or quantity of demand. At point D1, the manufacturer sets the price at P1 (100 rubles). For this price, buyers are willing to buy only Q1 goods, because the price is too high for them (5 units). The manufacturer will receive 500 rubles in revenue (100*5).
On the other hand, if the manufacturer starts to reduce the price to 20 rubles (P2), then more customers will want to buy the product at such an attractive price (let's say 40 people - Q2). As a result, the demand will grow. In this case, the manufacturer will earn more: 20 * 40 = 800 rubles.
Based on the information received, we have the opportunity to illustrate the law of demand in economics:
When demand decreases, the price level decreases. Because buyers need to be south africa phone number list encouraged to buy the product. An increase in demand, on the contrary, leads to an increase in price, since there is not enough product for everyone and its consumption needs to be limited somehow. The optimal barrier is a higher price. Thus, not everyone will be able to afford to buy the product, and demand will decrease.
Now let's look at the change in the nature of demand graphically:
In this case, it is not the point within a single demand curve that changes, but the position of the line itself on the graph. A shift to the right means that "demand increases." If it decreases, the curve shifts to the left.
The shift in the line is caused by non-price factors that influence the decision, willingness, or ability of buyers to make purchases in general at any fixed price.
For example, let's imagine that in country "X" . If earlier people were ready to buy only 100 hats for 1000 rubles, now demand is growing, and for the same 1000 rubles they are ready to buy 200 hats. Because the market and conditions have changed. As a result, we will see the demand line move to the right, as shown in the graph.
On the other hand, if the manufacturer starts to reduce the price to 20 rubles (P2), then more customers will want to buy the product at such an attractive price (let's say 40 people - Q2). As a result, the demand will grow. In this case, the manufacturer will earn more: 20 * 40 = 800 rubles.
Based on the information received, we have the opportunity to illustrate the law of demand in economics:
When demand decreases, the price level decreases. Because buyers need to be south africa phone number list encouraged to buy the product. An increase in demand, on the contrary, leads to an increase in price, since there is not enough product for everyone and its consumption needs to be limited somehow. The optimal barrier is a higher price. Thus, not everyone will be able to afford to buy the product, and demand will decrease.
Now let's look at the change in the nature of demand graphically:
In this case, it is not the point within a single demand curve that changes, but the position of the line itself on the graph. A shift to the right means that "demand increases." If it decreases, the curve shifts to the left.
The shift in the line is caused by non-price factors that influence the decision, willingness, or ability of buyers to make purchases in general at any fixed price.
For example, let's imagine that in country "X" . If earlier people were ready to buy only 100 hats for 1000 rubles, now demand is growing, and for the same 1000 rubles they are ready to buy 200 hats. Because the market and conditions have changed. As a result, we will see the demand line move to the right, as shown in the graph.