Herm ...
Actually ... i can understand a things in one second ...
and also can confuse it on the next second ...
wtf ... ...
i cannot differentiate Demand and Supply ...
Izzit i think too much and think too over liao ???
According to Wikipedia
The Law of Demand
Actually ... i can understand a things in one second ...
and also can confuse it on the next second ...
wtf ... ...
i cannot differentiate Demand and Supply ...
Izzit i think too much and think too over liao ???
According to Wikipedia
The Law of Demand
The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. As a result, people will naturally avoid buying a product that will force them to forgo the consumption of something else they value more.
The Law of Supply
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at a higher price increases revenue.
oh god... i know it is a very basic things...
how can i mix it ... ... Help ... ... ....
The Law of Supply
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at a higher price increases revenue.
oh god... i know it is a very basic things...
how can i mix it ... ... Help ... ... ....
2 comments:
demand (consumer) = the expansive the product, the quantity of consumer buy are less. (frm the graph, it shows it is drawing downward from left to right).
supply (organise) = the expensive of the products, the organise will provide more quantity of the product. (frm the graph, it shows it is drawing upwards from left to right).
conclusion: demand = P expensive, Q less.
supply = P expensive, Q more.
I hope it can help u. just try to remember the conclusion and graph...
the demand can means that if something is expensive, u won't buy that product. But you will try to buy more if the product was cheaper.
while the supply can means that the organise will provide more products, the price of the products will be expensive.
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