Demand

Understand the relationship between prices and quantity demanded.

Demand Shifters

Price of Apples5.5

Slide right to increase the price of apples. Slide left to decrease the price of apples.

The Demand Curve for Apples

Demand (D)
Quantity (Q)Price (P)DQd = 8.60P = $5.50

Baseline Demand: The price of apples in this market is $5.50. At this price the quantity of apples demanded is 5.