heoy oDemanhd and upply

emand and &upp ase he ooonces HhsOLgh

ALLchmaake economy, myunctong' Inaa maskeecoADms
h a t apods a a
povducud and im uwhat quantdus
e dutesumined oy dunand than and
Uasuou gecds uPpt
a lompettti mankt, poucsa
Hoecs and euces are
dateuninsd oLgh
on hooAh mtera
mea
daando and
èupply hem he
pucs in un uiuence dorad2 and
-eads and play an mpoht 9ole in duPpl
SCasce eSDUSCLS alloatla
in a maAkt
Dunard and ecomOmy
and
uppl dosCoibe hoo uyes
pooducons s aqseds
&llers d qoode ekare
respon&e p a re in
im
Changs Ia
p u oed Roads and otto,
aatans oRas

U ad Donand-tèeple
dunand aseds becaua
ae&atis e n heanls
Ae utty mean&
Qnount dAe
means JAe
Satuado n whmch aaPlan
pLan dasue
om Con&umg
Conod he
degu ta
mmaduiy a
pnRoh duperda upan
e
npeclso eblain omm t the utluy
upan he Ulel
Utilit e epels Jhe guate ae
m a omoduty , he
geale
e La oDemand he Aa a demand3
u n c t i a n a ulaekenghp batoee
puce
antoh dunanded AJ tothe a.d
t
lamand, othr ta ings being
qual, polee
Conmod
ORmad+als, he quartt demandad t l
and i
puce dhe Com madutt Suàu
uant demanded uwl
e
dadine '

Puus, according to
au o donad,
hes 1s imverse
9ulakanghP
oeen puce
Beoeen ad uar damandsd 7 dthez
hgs Sonaiamg dame he o s i g
uhch ase
a8wnedo be (onatant ao the ates
aeonces he Cangumer, he
ne Conguune imtonme e1
and e pucs ralateo gooo
a e sher tactos ehuch dateumme denanol
also undergo a
change
tten , he Imvenda
pce- demand sulatarse may nat
good ms, dhe
hold-qee
Conglamcy es o}hes <hinae
L an
unporlant ualcattay bunmptas
l a damand al

Pt0
 Demad schedute dan dridua Cougume

Puce (Re) uantty nardod (unt)

wha Puce a
&eh omn tae eble Aat
aa Cemmd i i Ks 5/wnd Conguure plechases
2unts othe Commaduty uahepuce h e
COht Odukalls to RsU, he puckosu 3unts e

Connineo mulaaly ahon fpucoohelals

quanty denaudud o hm Ases h
susug ntU
a p i Rl, *e qyach demandud N bim

enaOn , h e lauo d nan

A) Tncome. Efed hen puce

ea Comod
alls, e Cougumez (anbu moR quontty d
e Conmedi ty LalA e gi Yen 1norne S, i
ne cheo&e buy he &ame amount b
he
he
CommQdty
 1
t e m nim rauba hehas ¥o dp
h
mmedky as befone 2ome MOm
k h nim caukehe Aos to pend loss o
Ae
Ae lammedisy due to e Leaoer puce Z ohep
Lnds,as a reault ll mpuce d e ommo
lonsune's ual intame, 0 prchasg
PeDe mCasAs Enis uncrase ea! hcome
ndue he Consunen to
buy mere *hO
Ommedsty is is called mCm
Change he Conmeduty dhe
0ne reako n hy a
Con&nen buys
bus mee
m e
COmmodk lueheke Puce talls
bsttutten e c he othan mpoant
Paobon lueh Hhe quantAy demanded a a a tomhmda

uses as e pucals u he abstetutone d

uan ha puice
7a Comnedely tals, cane
aeloirely Choapar Aa oha Commodutes
nduces e lonsune to&ubehtl e
he
Commdty ehose pruuce vas tallen ta ahr
lammades uuhich nau how
ecome, 9uakohi ely
eect ho quant demondvd e
Eyupdtong to 4e La.o mard
Gyoods tavin P c9hq Value' Veble,k
tEconomistheo uteim Yoblen papomdid
dachime Comspiluous ConBumptor Alc to
him, &ome Con8uno mab ha utldy aLa
Commtd entinbp buy l puce, ie taa
hm
hem, Ae qreotr ha pouc
he qreale9z ik u oaCommodu
o - diamo nds tonsudned as preata
ae
0oda i hee 30cut and
o he upp
al e becoty he tky puce
diamonds, he tuae e prshae alue
em Jem and Jantcre
arak Utl
2deinabutt hem
7en yocds SiaRobet Gldim ho shseu
hat
a t
ubh en he puce e basad
os
paid baiish uskers indhe
ineasd, the

punthased eonly9 a
e a and hot less
s
Cottaryto te lauo
atand
and
abou he asen eLdmand
demand duobe
duubed
adut
gAYen us IS a+
keel Consumed a diet
aend nd uhen aindy
ainy
he Lce bsead LoeL
ere (ompellad T&pend Ole 0Y
 hr
afod o prchase as much meat a
ale Aus 7 e dubytdded euen hread
Tas mea im ode to mainain e 1«lake
Yeod

tactonsbelminkng Denand
19es andParnco e, o naum
*ood uhuch longumes.'s
asles ahd
Peernas a e ua 'k
demand weuld
,

elas and ek damond

People's ases
paleruces o asuous ocds een ckange
and g a segul
Pereehanga.
is chang in damaho
in damaho
TO etm he
Changcs in dunand as
oods accus due to he uasuioul
alyo due to a
also Changes imlazALo, ahd
ad
e
poussuwe eadutsnonde
manuaehuu and ellr by
nConos eople. ditont- Paducle
e denand agodi also
1nions dpendo pon
upon
s h eopb ihe guaez ha tcOmes
h e people Aa grRake l l
deand be hoi
0ool
 5
Wea e ultalh ean Indiudual
also olocs hu desnand, tar a cal Le
eal4A meaAg JA Plal alue
a8&eals PosesLeab an imdiudua eaL laho
he uoes to oA he weaJsth of Qn id) uudud
udiole unc Lo0h
Changs the ices Hhekelated
Ae
Gjpeds
deakd a good
alio atcded
Puces thae qoods, bye
ae
uatd to as
especu lyHosa lehich
&ubitdudeg Conplanark
Co nplonank
5) he Numbe Cngunen n e Meske
he geae he humbu aconsume
e dagood
qeater he mat deunondot
6) Consums pecletone
a per& On emperls a

u
mcome ontmartl a
&phtiCOducruase i
heat
Coolol bo sul ing to Yeahe
Sperd m@e
taAu
P)Tcome Dsleben
diubuton I'mCome s m0u
hpespens to Congune Hhe So aoty as a
Lahele Lo be sulaliwly
 PLRA denahd o oodoOn he
Otos ha d
diaubuhon ineane is mepo un eajual t
o COngume
te LoCw e
alaiuely ss he popRngty to
cOns tume
Such peopte is lesshan hat e
PoOPcople
ing pp
ppl
er susers to Ha sehadule
f
aodha
he 7uatd
eil ing heirn are able and
able
to epo tes dale aVasuou
e amOunt of a Comm pouci
o
oduy he roms aa ablp
able
pmaduce depards 6n *he uSAusceg
Yo hem auaulable
auanlable
and Ha decknolop
ey employ to
Peoducung ummluty Hoo much a Comm eddy
2

ho n a conm odrhy
hile, wllung to
an dhe eoto Sole deped
psops dhoy enpect ra Ke on
fo
endsellng he oducng
COmmdty
auasky a Com modt at foms l
abl and
weling o ed o 8ale im the ha
dopunds 0nseuwral maskot
masko
actors dukuniu tactns Ze jmporlant
mporlant
Buppy a
CommodtH
Com modtu
h e ucu d the Commodudy
2)he Puces df inputf Bed es
Ae Conmody heeolucton
3)Aa te of ecAholoqy
Ee nunbur om
the Commd Podur ndLling
e Pucu t alated goo ds
Poduod
tutu epicatons saaardunguces
Pices
hau 2upply
e lauo
e supply, ulates to u
SalatonShip be-Oeen Pwro ba funcho nal
quaty inpplud com modty aha
he lao
e uandy sepued a upply ska t
Vasus
duieckly com modi
ie geKaally
hghas he Pauce he means Jhat,
Hhe largr s ha, heha
ouppliid am m.adtylaraer he Ae Guantef
qranthy
upply Schedule wheat
uce Pe Huadal (R)
Suonty 6Lupplied qunllya
20 50
530
225
550 5
AYo te lauo of npply, Jee quantty uPplad
Comadi dinech p podiuly raloded to
Puce ehen ouce
hnt udu rom s5bo
oR530 pe quutal he quantti
(eheat An tho makat mCaias
3uppuad
on OO 9uulol,
to25qundau pez per
lactos deleamiming
)Cos a roductios
Spty
es
&pp
upply oa goco o ba oducto OAd
te cducton
and
EMCeed te unct todt Potila ble ile suce hould
Poducig
atns deciston to ecduca Ond
t
odit h e mak 1 SupplyCom
Ca eecd ed by le unlt
spodudonNo,
ood depnd
he. Co&t of cductou
e ,amokg oherHings, Oh
tecknologu used im
e
pues in putt ( and Poduckoh
abou,tul, ele
eauiud nle Poductou
2)iasDRalatoraducds Amy Cangee n he
utes hos pacducs sould
a imonChe Supp
oduct oy Causing Subttdon
o ne
Pduc ano4hezon en he maket
Pauc ehat uses t
wll lad to
tAe. educko
he Poducton Qnd dupply gam by
aneT Qhe aameqe Lepuld wNhdAaL
he
m
 19
and andaher 9ebouncAs
olan Poducon
a n ad deuoke em to he, uducteh a
eheat
3)Naunbe aProduchcas h e ?mumb
oduces paaducng Peduc Incoua Au, VA
mooket Supply of e
A
hePoducs
a Lohe poducons a 9
n
incasl
Beks e neo
making age
&NC Dopducos etes,
etee, Hhe imdusta
He imd ut
Conscquntt hetotal
BPP producton aho
he peecluc Meuabes
ano
On a tther
hand, due, to losge8 ,d
ckeo Pa
e0 &ome
aom e Poduteru
eoe he ndusty
Hhe PP
Produtn
pduct ll docine
utme Puee
Cemmmodity Yceplatong-e
e
pply a
alebo deteimimed market
a k at any
bylle»'a uma k
uet pouce as
enpeelatens
enpectatos
appe
dunmgmtatonapy
uw, ta LO olld Saduce Cuovail
a
PLduc &uppy d
mhe manket and
nand Hho CemANehs COrmbdt so uld Ugteao
e, ha0Ndor
uge uanttur ood y adeu |S an
mportant ato In
oduuCing he upplu
n h e maket and +Hu Causiaturdhez use
 hen
5) Taxes and
5
6ubsdieg emi Se duuy 0
aes ay 6
evied Omarouct,
atarn
pp e ame amount a taf
upply
hahe e
Decauko, eraeL, duda Du
Commodi imcludud n puce
op no
BR On e ohez havo
uhen Oenh ment
oVide 2uloso Om
Commod'ty i d
6 a n mbdut