Scribd
Upload
13 views10 pages

Demand and Supply - PPTX Final

Uploaded by

lookatmee107
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
13 views10 pages

Demand and Supply - PPTX Final

Uploaded by

lookatmee107
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 10

Demand And Supply

PRESENTED BY-
Gyana ranjan Nayak
Santi Sourav behera(07)
Soubhagya shekhar
behera(09)
Deepak Kumar mohanty(08)
Introduction to Demand and Supply

• Demand and supply are fundamental


concepts in economics that describe
how markets function

• They determine the price and quantity of


goods and services available in the
market.

• Understanding these concepts is


essential for analyzing market behavior
and economic policies.
What is Demand?

• Demand refers to the quantity of a good


or service that consumers are willing
and able to purchase at various prices.

• The law of demand states that, all else


being equal, as the price of a good
decreases, the quantity demanded
increases.

• Demand can be influenced by factors


such as consumer preferences, income
levels, and the prices of related goods.
What is Supply?

• Supply refers to the quantity of a good or


service that producers are willing and
able to sell at different prices.

• The law of supply states that, all else


being equal, as the price of a good
increases, the quantity supplied also
increases.

• Supply is affected by factors such as


production costs, technology, and the
number of suppliers in the market.
Demand Curve

• The demand curve is a graphical


representation of the relationship
between price and quantity demanded.

• It typically slopes downward from left to


right, reflecting the law of demand.

• Shifts in the demand curve can occur


due to changes in non-price factors,
indicating an increase or decrease in
demand.
Supply Curve

• The supply curve is a graphical


representation of the relationship
between price and quantity supplied.

• It typically slopes upward from left to


right, reflecting the law of supply.

• Shifts in the supply curve can occur due


to changes in non-price factors,
indicating an increase or decrease in
supply.
Factors Influencing Supply

• Key factors influencing supply include


production costs, technology
advancements, and government
regulations.

• Changes in the number of suppliers in


the market can also affect overall supply
levels.

• Recognizing these factors is crucial for


producers aiming to optimize their output
and pricing strategies.
Market Dynamics

• Demand and supply interact


continuously, causing fluctuations in
market prices and quantities.

• External events, such as natural


disasters or economic policies, can
significantly impact demand and supply.

• Analyzing market dynamics helps


stakeholders anticipate changes and
make better economic decisions.
Conclusion and Implications

• Understanding demand and supply is


vital for both consumers and producers
in making informed choices.

• Policymakers can use these concepts to


guide economic policies and
interventions.

• A solid grasp of demand and supply


principles can lead to better forecasting
and strategic planning in business.
Thank
you

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy