Wednesday, February 29, 2012

Law of Demand Summary

Please post a summary of the Law of Demand video that was sent to you today via Gaggle...

Regards,

Mr. Mrosek

18 comments:

  1. the law of demand means that if the price goes up, the quantity demanded goes down. if the price goes down, the quantity demanded goes down. The video talks about the relationship between demand and quantity demanded. (usually based on price) In most cases, when the price goes up, the quantity demanded goes down.

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  2. *if the price goes down, the quantity demanded goes up.

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  3. The Video Talked About Law Of Demand And How If The Price Changes , That's Quantity Of Demand , But If The Entry Changes , That's Regular Demand.

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  4. The law of demand is that when the price of an item goes up,the quantity demanded goes down and when the price of the item goes down,the quantity demanded goes up.Quantity demanded is no the same as demand.Demand is the demand curve,and if the demand changes the demand curve would look different than how it originally was.

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  5. Basically it was talking about the relationship between the price and quantity demanded. If the prices rise, quantity demanded falls. When they fall, quantity demanded rises. This means that the demand curve is going to slope down.

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  6. The law of demand means that the price goes up the quantity demanded goes down.If the price goes up the quantity demanded goes down.

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    Replies
    1. * The price goes down the quantity demanded goes up*

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  7. The video was talking about the demand for products. He stated that as the price goes up for a good that the demand would go down, and as the price goes down the demand goes up.

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  8. This video told me if you raise the price of something the quantity of demand will go down , but if you lower the price of a product then you raise the quantity of demand. It told me that a schedule table shows a relationship between price and quantity demand. The male in the video showed an example , and showed me the demand curve as the price of his eBook went up .

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  9. this video was mostly talking about the demand oh things. the relationship between the price and demand also it talked about the demand slope.

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  10. -The law of demand means that when the price goes up, quantity demand goes down. When prices go down quantity demand goes up. A demand schedule shows the relationship between quantity demand and price. In the video about The Law of Demand, the instructor uses an Ebook example for his Demand Schedule. He then makes a graph and shows the demand curve as prices go up. The video just talks about quantity demand, demand, prices and their relationship.

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  11. The law of demand means when the price goes up the demand goes down. And the other way around. A table showed the relationship between price nd quantity demand.

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  12. THE VIDIEO OF LAW OF DEMAND WAS ABOUT HOW IT IS THE DEMAND VS THE QUANTITY DEMANDED. LIKE IF THE PRICE GOES UP THE QUANTITY DEMAND GOES DOWN. IF THE PRICE GOES DOWN THE QUNTITY DEMAND GOES UP.

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  13. The video law and demand basically talks about quanity demand.
    For example, the said if the price of a product was to go up then the quanity of a price will go down. But if quanity goes up then the price goes down.

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  14. in the video the instructor talks about "The Law Of Demand", and a Demand Schedule, which is the relationship between the price and the quantity demanded, on how if the price is low the demand would go up. But if the price go high the demand go lower. In the video they say that If demand were to change the demand curve would shift & the entries in the table of the Demand Schedule would shift.

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  15. The law of demand to me means whenever the price goes up the quantity goes down, but when the price goes down the quantity goes up.

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  16. the law of demand video was about demand vs quantity of demanded and the demand schedule witch means the price will go up and the demand go down and if the price goes down the demand will go up it show the demand curve and the shifts in the demand graph

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  17. The Video Of Demand Was Mostly Telling You About That The More The Price Goes Up, The Quantity Of Dem. The Difference Between Quantity Demand & Demand Is That Demand Itself Is The Entire Command

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