Orssicn 1

taát- ttnal Since

Melorc Cmugtmísirg satisfaltitnuLuty
cmmoudiu t te cencned
i)(cosuonU- whit
tobcharged Model
Casnile laticit
e vaniuu vaniatlés)

te Miimisus cost
Nauánise faefit saljubti
them to p due?
want
Puhat the Consumir

ht teils s

Hotw bjon uhom to pleduc)

chlt, Ce

7(h suit at ahich

htual puicc
avalatle à heman7ety
 Milt n In
penAOOLha his coitive
Clan
a
finan case
the Vs
punsoa sloamatue
hug? - 5ale
who
needs tuy (
shouldrt
he mcdl
tatingthi
onogtmo_'l
hayt
alud)
how
Vatt 12/cy/24
irandNrnt
: |dasine
ALiuthy
Permand
2Nclicnal deroand
CHeivedernand
want /duiiru Not

Vemand
demandcd at agirn pric
-Guantty.
Vemandsd Shedule
utily dumunded at vanicus pnccs
Tatulase jonmat

Vemard Cunve : dmanded at vaticas fuicc

Crve
Gughical
pnt
nce
t40
3 34
6 -28
22
12
1510
18 4

Lingar, dnaod juntico.

(22-28)
(4-6)
a - 40
P=0
b-2*
c

40

(a-40
the demard Cuve
Now plcting

(2

40
5 10 S 20 2S 30 35
becons
cohen
Rie becomneY becmes
40 Peuicc

Rie= d
-2 > Run
Slope-
2
 f

b-Re at ahich theu wtll be no demand jun the

C- Pcint cant be achiavable,

nLaht 6 the demand cuve.

d- Any point to ucands the

kuing gaid to tOniune.
tng pald
|b
|unit

Ioterucet
Case 1s Movemant aleng
aleng the (unve
Case T: shi}t n dermand cutve tncad CIU Cukucid) diuc te tho
chatge nin al cihure jaucx
tACTORS AFfECTING THE VEMAND -
1 Lncnei okoCve)
C4ve,-ve)

Nonni gocde) CIyeriotgecde)

*Theru
Thant is nc qcds uhich s nonn al /njeraicr, t
it dleands
apDn wha' tha coNuM oant

qul to moru thcun1- ncncaeof

Ruatd qcodu i - Cive, -ve)

Yfie Sabstifute
tungkmtanuy
70 Seubsttute fe
clq Tea riins CCNst

de <0 anglkmantag
geoae),Lonkakatle
 3)
aLieIhcetiuntef B txputattns: Tastandt Ô
\auo )

dunand Ctveve)i PiuY CIe)

substthute
and
frevallsdQ leth loone ulalic("onidrpgad
cCM
zte d dlinutt tvve'e B

andacnomic

uncuntainity
 Sthor.
all
n
Cther
all
m
change
tautn) o
due
constaht,
plu
3-2lx
Sg=-Os
Slope ccn
-0-s
=
Slope=1
M=2,
Nw -O-s
=
Slope heupang
10-2Pe
C': 65 3-5
7-2fe
=
M=|
35
Sfiy-1 i(anadusicp