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Demand
Unit 4.1
Demand
– The desire to own something, and the ability to
pay for it.
• The Law of Demand
– As prices go up quantity demanded goes down.
– As prices go down quantity demanded goes up.
Demand Curve
• The demand curve is a downward sloping line
showing the inverse relationship between
quantity and price
Demand Schedule
Market Demand
• Demand curves can show the demand for
an individual, or for a “market” of any
defined size (classroom, CPHS, Pleasant Hill,
etc.)