Economics – Change in Demand and Shift in Demand Curve
Learn about the concepts of change in demand, quantity demanded, shift in the demand curve, and movement along the demand curve. Understand the differences between change in quantity demanded and change in demand. Explore the causes of increase and decrease in demand, as well as the distinctions between complementary goods and substitute goods, and normal goods and inferior goods. Gain insights into expansion and contraction in demand, and discover the linear demand curve equation. Suitable for engineering, business, MBA students, and those preparing for competitive exams and UPSC.
What you’ll learn
- Change in Demand
- Quantity Demanded
- Shift in the Demand Curve
- Movement along the Demand Curve
- Some important differences and the linear equation of Demand
In this course, we will discuss Change in Demand, Quantity Demanded, Shift in the demand curve, movement along the demand curve, some important differences and the linear equation of Demand.
Change in Quantity Demanded: Extension and Contraction of Demand – In this lesson, we will be talking about what happens to the demand of any commodity with respect to a change in its price. In other words, the change in quantity demanded is discussed.
Change in Demand or Shift in Demand Curve – In this lesson, we came to know how determinants other than the price of any commodity can affect its demand. In other words, we can say the change in demand or shift in the demand curve.
Causes of Increase and Decrease in Demand – In this lesson, we discussed the reasons which lead to an increase or decrease in demand for any particular commodity.
Differences between Change in Quantity Demanded and Change in Demand – In this lesson, we discussed some major differences between change in quantity demanded and change in demand.
Difference between Complementary Goods and Substitute Goods – In this lesson we will be talking about differences between complementary goods and substitute goods.
Differences between Normal Goods and Inferior Goods – In this lesson, we will discuss the differences between Normal Goods and Inferior Goods
Expansion in Demand vs Increase in Demand – In this lesson, we will be talking about Expansion in demand vs Increase in demand. Their meanings, effects on demand curve and causes.
Contraction in Demand vs Decrease in Demand – This video will make you understand the differences between Contraction in demand versus decrease in demand.
Linear Demand Curve Equation – In this lesson, we discussed what is linear demand curve equation.
This course is self-based, designed for all levels in economics and in the English language.
This is Sanchit Gupta currently working as a Software Engineer in Bangalore, India. I’m working as a verified educator for the past 3 years on Unacademy (India’s Largest Learning Platform) now. There I teach several topics (Competitive Exams, CAT, GMAT, GRE Preparation, Economics, UPSC Preparation, Programming, Personal Development and many more).
Who this course is for:
- Engineering Students
- Business Students
- UGC NET
- MBA Students
