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Welcome I am recording a video
about demand and the law of demand so
as you're watching this I want you
think about those concepts
first of all demand
demand is the desire or willlingness to buy a product
if we were to look at graph of
the demand curve it would show that
as prices go up the quantity
demanded goes down and as prices go down
quantity demanded goes up that explanation
shows us that prices and
quantity demanded are inverse and they have an inverse relationship
for example if you wanna buy a can of pop
and the pop cost one dollar
you might by one pop but
if that pop cost fifty cents you might be willing to buy two pops
so as the price of that pop goes from one dollar
to fifty cents
your demand is increased from one pop to two pops
and that is an example of
the law of demand
