classmate Dale. Page. [aweton ‘ ea PewROT A aac n> i dt _and Oemand finales <8 sciishing _ waar ‘nal _udility \n ndifference Curve, equilibyium — Buried Une and Consumer Surplus. Demand =Concept of Oemand,” Types ef Demand, Qetermi mands. of Oemand, law of Oemand, Elastic: iidy of Demard, Exception +o Low of Oamord. Use: of He. concept of elasticity. Forecasting s- \ntvaluction , Meaning and Forecasticg lovd of Oemand forecasting , Criteria for Ged demand forecasting Mektods of deriand forecasting survey mettods, Statistical MetHrwds, Qualitative Mews, Demand forecast for a Aveud Ponglucs: © Demand forecasting preklods — con aptual) waihity — Want sattepying power CF 0 wommoolity,qi, / pou uty Hy uta +0 want dal cqeoatt Lp viet oH _denvice aap nen ce 4 Weenie 0 eis oe on ct 6% settee | jeonstitukel Se t Pleasune, _sodiefochion. curd Stunse _ Re choLepical phoneme on lee a Nnsumors to buy i 1 eet a se fs adtual Juslisotlon coe On Y sadfgfatHion —uisucD eed . | Sous; aon dutved fom Conatum pion be Jess O% more han _ Vidal objon. of. ee F | ow of ea wily : ia aie & Ee fs ths total salisution obtained tom Ge Comanalty Consumed Over a puted of ts add Pion al ov fncremetl) _ ordlinal Gn_coudined wt oF — Btedined En La fie ore tuso prpaches for natasurensut of abil Caxchinod cobams + classmate. . proach. Op proach. ays Cortained tn vornrnccLities are mmaole. quarciticble « meosuirnont Oke truly imeginory and Histvfore opprach $s teed as iatapinasy units of Ordinal) apprewth explains duu contdorer behaviour _wohwouk nveasanee, Udi ity d Totel Witty + Monge ; iy pa lo i siaitial bility é a ig Is-lo=9 ) 3. ho uM 24 F aa-iese Positive Us ty equaline Pairs @ wmy jit ids pmice_so~sthot He sabisfach’or is maximized — Q@nsume __ fries to sepk _maxin 5 ity when ols. —_— pel ie at Consoatts Hee price udi-th Ha MU of a.__tomnvodl || Consume $3 not UG 40. 4S 3 Le i se willing poy igher prices ipintteclassmate 2 nme 4 2 4 Connodl 60 is equol +8 to tts price.7 comsmsodity als Meee nd Hot AU te ey Heo | oot 4 price thtrefore, Le wilt not find eee Lequillibsium a not maximixi fs Tote UL dm ener to Cenre equilibium consumer coll have to Suduce Hoe MAY further bk tt equol?xos Witte g-tedlucedl phice . y qncrcasing He Stock of commodity, MU TS diminished ¥ Vince Consumun usoud biyp maore when pice faults el Si, * ; Oivains ve ae Assunistions of Lao of, ee Rationality — Corbina will doy moc ay (2) Consuim pion Showd be contnusus lao of Manginad ag, widt not Wold When tine M% A Takewved ©: of unik, 4 consump tion eos Re poutinivous - (DM. ay of pee Pde Mong: nal eer mony fe ae fee. Ea uf tte ml! of eeaney chan gus with ine. or dece 4len it can't ve Corred 2 £ pacity - orginal Uubibity, ee Gd Suitable Quantity, © Tt fs also assumed rout goer Opal | Seivice Consumed is takon in suitable or Sepik ot units »cathy sinulr -to ech btn, G 7 | Indifference + Curve x £ todiffeennce —_qusiie fs\ Yiu Locus “of oft Yaprusendig all yield equal bility & sotieqauion | to wudtonin +) Popedias Tete aseumed. Haass ol he | untts of produc ia, diffi eowsbination: of ‘top ae Cx andy) wih » ie faves. Takexsech each other i « |. Donvoakd sloping cw fot high viel 2k 3)|| Convex toe onngire MWiylast Jol of setisfationLikvicaila bei ceaudhention aie ond bananos yielding He same towel Beeecsefe ion _ paid a Bicde "indicate difjnet ipombinghon - § the +o to kutk +e combinations Lore of equal _slanificance to wares. i.e _censumer_ is indifferent = pois under Tse. An LC dapresents B pasiuilon deel of _ soffejautton be aj points _on Le __ —2apresenk some _Levd 9 sab é/ach ot if we move doonwards Jaom one point to a. hom given ind iffeunc, _utnve Jaweh of ramos Lundminge. Has fa Hoe conrblinadion of fruits if : ore. rc. “ts deseribed oa’ equad osisfa Ufon ~ Cunye? Bs as Per Wwisibh Qs OF gets undr® consideration 2- Helge of 2-0. indicate the eyed of sutisda ch 00—42 point. fequilediy, ON), i dhe ts 32°C that Shows te wonswer’ . ore Femmes For di ffeut Combinations for Good ARB. Bans la no ¢ $n Consumer's Snvorme 'B hu rows sto_spend total inune on Ad. } Prices OF goods ARB nematn such, Goods are. homo usta Explarotion above. ivyram.- aT differod- profeerrces c Hie. budgeh Une PL roiat heCONnSunstrA —_Cnoses 1 con have easily — tonrbinahon cai te QT wlicl [Mies on! hight, ECs. In vordby to marinise dow of Sasi athon . Rat ‘ = is inal heatosea ppinmc. wails Dates, Consumer can sti Ch +o lv tamed oF Sobisyachion ——_ wittu'n his piacieets er oad torrbo Q om: Deg. (# consumer Chooses point Q he “can have tonnb Of Rie Had oc max ee oh @ Sits ou Hor _hedat fins as youl as n oo and Cy. 2 Tos. ate reyorol buolgct Line + fore w& A » wibby) * ( a xr pallies cols ge equillbyilinn ee poluk 00 Cg. ¥ : Woke $7 Conduma kaw oN qty of gooels A BON ayy pot # : 4 Tb. jaf to De. :Consumer sup us fs differs bekoven the pia abiele a pitt +o Poy. and ubhat Ps Pee atteal’ rocker wiaees Asay : Ylent? oe a tamiaadl Yay ie 2 “Heat : Fuchone sopesi'tfon based on the ee SApevrorols oa “i Be gt pean en oar +0 fod See ee keaseol On the dards diet 8 nal hg 2 BM producree Humgl _vokiovd HechaSfeues Such “os Wy dc. basect an Ale demand producer Ua och peel. cha EMI Aun ies consumes 3s ailing to poy Ge a certain wee hyfort Onuenclring He f di a : hiv-plus f. Bs Con SU. Space Fn toms wily mana S , be ab dtsine usticls ts backed is : te : 7s be 7 hs a a _torsumn 7S coi. +0 bay, and, Por. Wen. fod Tn =Types of Demand ue Ged: Goda carol oe eel? Quiend ond shctononous dented + oS v ENO inraOlunhle mare PCM c= Fults Nolemand thes Siloienet Ween aind Porta, run demandes 2 6 | Jot & Composite Sa sas s shia Tl Maxkt demand Z S | Cross ol@mana’ we : SPL oMOPI@OROA Sie. sna SS foal aa +|@emand Cueve- = a pay Gxapseat __aprasentod eee of tao of dumand is known as dhmard Cubve- ¢ a|| docpma of Hu consumer Potions of Oomand a oo es and dlewsre damand 2 sce. Wephuxchase OD ecision-usiU he based oritta phe. of —> Price | aie i f Poice of Product > Pri lnowases |; Oomand dacraodses & vie versa Prices A Auloted jcommaadife dubstitube A 39 Cow penis a Goods at te @ 000d, Taste and Preference . A oe Gowwe & Hu purchase decision i's always bared on income abikity ef consumu. More Infone—nmore Pur thase mort clumand, falling price. i) Prices of related comnadities § udclon fee Pro price qcomruodity will diwick customers towancls ubsrinda ok Low pres, Inu Ke clemand, (4) Taste and Pref Inport und : Bie ned, compoiecs moake creative advés tO teayot Abe Customs to which demand can ke generate. (Sil Expectotons 3 kthen . he. consumer expect te vse Sn fallin the priceinguture, he or che eoill Change Hx olemard at praaw+ even cohan vou peed prsce Remains sano. (hirake B weather i aiasonsl produch wil caaky vos clomend uring pord alo . Seowon . et Wi i barodle und Wealth Gf poscticutar arza hab an edqet vt deneend punapHims 4 law 0G3) Wecsalty Goes xen in 4) No chonge i 5) No chang to gout: paso eo Q) No natural dalanuities ae pura Wo change in taste and pratusnces ae 2) fuburs xp ectadions lrowd roma Same D Wo change: So eubbste pice L conplanstory pice | Exceptions to tue Law oF Oemad 4) Grigor Goods bb. Wes Gifu gees : a : ‘ P = i @ le a 2 Suan s ‘ daisified He. goocls to Superior av ing vie tofair goods ars clusper oad o: perith WP infnicr goools dlathease yotth an sntrease * : MM wrsumu's inwrme. ploy Ore _consicltxed as ow quadlly. goo H fs sudden dleorease 7h pri ca af inj seCCammoditin usecl as status symbols 3 Commodities wo aS & status a ol. Pn Society ; in 9 tow y demand Hoe eventing [te price 9 such goools rises Flair demewd doern't odie » Provttr. clumand wee inerases. foreg © = Lecunsious pee such Os aruiny Cons, Feeding Newsatty Goods Meaty gees aha easential day to “olay fife Sharsfort, Yhei, demand does not e wrth te Y change to tthe prilece for example? salt Outdedked Goods $- Cure Ase clus to ey a dhe _indination ¢ consumers todrds ondrotd ee plones instead © ¢ old phones wen Hop tHe prices grad products “ars bipbr. dansronee Cipect &- any, Eimis it fs assumed that consumer “have Frotlide, about price and guab foods wen ten tey may endln Lorpn aye quantity a produc ea ot bjptrer pruices hecate fc ty atlas ek, fovea. tie plavailing — se d s conatun dhe -f, t1deho ry difticent perceptions abo: about _Poouase and Mevuase tn Gemanol $- Bbift fr fo i a eee nee i YF tn oman) CoRVe gue und oe nok oo de masExpansion and Contraction to Demand yshun tke demand Lapecting owl, me pace. oC ste 2 Ta ponse 5 £ sae | of Been SORRY SRP. a es oo ee 1 Carport On tn Beyer |—— = [eee ; on ay i. won: Qucushity D amanda. ri ‘i be He Je chongs. iw canal demanded $0. eo Change 2. in sulwont detthminack . J Elastic’ ty gf eon \ yd B : Ph the Pee cs Gum >| Voriaten is not uniforory 3 FOES : some Cake variation is extrenroly wide andl in mt cased it 42 _roming’. 2 CMe n may not ke Ausponsive tO the price changes oct time and “ Fesonsive to te price changes S| Fn Ord to reuse this wesponsivenncss, Hie tem dasttly te utilised wig. _6\ Ft fs used tO dix Hee pace Y a Lomm- || to tevy Het taste on He goools- To fe Hoe wapes _ Sabour -coleekete he ms_g trade and donseg bead gaia ‘vom 23)}) Typ of Plast eit Demand _ er Hue moin ype “pip awe oMows a oa Clasti ct cl Demand _ oe | Troms 6 laste! Dematd Cross ey 4 Demond Price Elash oy 9 Denard oe Pascntage Change in Aly Demdad— i of Demand ange in price. | ___*| dh ors f => Rorfectty Elastic. “Qemand. erm el \nelastic Demand aR “clastic Demand CE P74) -.-- =z Grelosc Henand Ceped) ese! | Pordectdy Elastre: Donn) Bile ie Y+ | | I paid, Oe se Se eesti Demancleol » Unita, Closttc Demand (eP> 4) ; kha “the parcontoge change iS quoubity demanded Fs epod _ range in price preocluch- dicts yy[Rolnittly louis Germindsiceas ile a, ld Jur" powrdage y || elastic Demand yt in_dumeud | As great ta, His i in. pre lE AS Wolly Tf tne is ae or Comporsd +0 parte. ‘| * Quantihy Demancbed ame Fnelowtic gia Cop Opp th. Fowl ease s Mune appkoa~ » produc Life Vicortout approach. Bs depudd oA mudlakosdirectly fn. conta vol. end usr end “get git Hot F | fudbatk about a particular _pieoduch. Gals feud bark n_detons 2 Sia oF BS SONA BENNO ASG bike Wie citinat, Ye. “Yadinaidarasd - Opproath ts bs gos | Fi yieostous approade is based on La pepocts i peat sald Fe, a, Ubolesclers or oltsty bisfors ons oad 1S based om — duwopmat of a parehieulon prcotuk Nidyy difirst | phases to He ca gd Sle Vana gga 4 ft baseol on ~Hrat He wr _olomand fs estima Qu 1 | What do spu_undbustond “utili. Explain Jo eatail | ee mans whom wc g uti Lite. : v Quiz| Descrite Lao gf Dinsinising ~ Maxginod ie Sty witke Uae Vase Auikoble exanjsbos- fi 5 a 8 | ithoot clo you unolat and ky Budget Lire &inlfune |lcrmime Q v ns a ai 1 [Consume Brits +0 equals, Hoe. marginal a oth. [He pg produit ohidh golds a Tut gf. Sehifattion’ | Explaie l Qu 5 His spondsig behawisur Y fndliviodual ilk bu yi towards “olifuet commodities based on bens its” Dethbe- Quab |Define law of demand. Waite clown fr assump Hors Ho baw gee“ au't! Explain in dataid ie eatin a ae ul He eenple Qua 8 a vhhargat homer. voted ‘voile oo. One rah, site conupt with ate Que 4 LExplaie Hie Lstimakion of demand ort consumer binaviour. pattern Qesenied fn ditei) the Staditical metros 4 demand feecaahis- fDebewminacts of “of supply oe po a || froduchion _ technolo (est of faders 9 “productions. ins 4 Uimotic Conditions. | Mears of transport al agai a é ea ee mathematical “pajactiorah? bchuesn the + sala e ee Moan be put ot undid # Qu 260K Pe Pee ol. whore o Pa = price 9 comnso: fy = es ¢ a Pi = Cn T 2 Fecbnoles 2 Tax > Rate 4 tanedhion fe at Re chous ha funchonal relationship betuster we | quand “supply aud detetens narD3| dugpply Aca tt ip Hs —tahln_ptie feet _Suartiy supalied of Cold Onnts Cro. of Eottlos) 20 35 a 53 60 66I classmate EN > nexoadt Deouase in Supply Costly ifn ta dyeplg) Do ee Bove 4 Sanity ee SE a sen “spp of_comnuodity -coangts duu 10 change idler ee we colt jk “introre 64 olectware lacteare In Aue ie | | cae || 2 a ‘i = 2 ; #| CrceppHons to tHe Law ¢ Aer : Jcxpecabin ws ea bx” ‘ 2 |Exespiron of | a fall in price Z oe a. seins who ase! need of cose A 3] >| es 4 = produckion: 2 | peisne = aa cas “4 a whide _@rows dhe et pase one aor. do pe . a ‘Seas a be a wage id price. at is detined as _ iu qui supplied because g—pencensage ape IY price. 7 MESS a