Understanding Theory of Demand – Demand Curve
Learn about demand theory and its relationship to consumer demand and prices. This course covers basic definitions, concepts, schedules, and graphical diagrams. Suitable for engineering, MBA, and business students.
What you’ll learn
- Demand Theory is a theory relating to the relationship between consumer demand for goods and services and their prices. Demand theory forms the basis for the demand curve, which relates consumer desire to the number of goods available. The course consists of all the basic definitions, concepts, schedules and graphical diagrams about demand and demand theory.
Demand Theory is a theory relating to the relationship between consumer demand for goods and services and their prices. Demand theory forms the basis for the demand curve, which relates consumer desire to the number of goods available. The course consists of all the basic definitions, concepts, schedules and graphical diagrams about demand and demand theory.
The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.
In this series we are discussing the following:
Theory of Demand: Introduction
Demand Schedule – Definition, Concept, and Types
Demand Curve
Law of Demand
Law of Demand: Assumptions and Exceptions
Demand Function
Determinants of Individual Household Income
Determinants of Market Demand
Law of Demand: Exceptions
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
- UGC NET
- MBA Students
- Business Students
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