Scribd
Upload
17 views3 pages

Microeconomic

Uploaded by

kizobertha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
17 views3 pages

Microeconomic

Uploaded by

kizobertha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

INSTITUTEOFACCOUNTANCYARUSHA

INDIVIDUALASSIGNMENT

NAME:. BERTHA CHARLES KIZO


REGISTRATIONNO: BA-01-0084-2024
PROGRAM: BAI
MODULENAME: MICROECONOMICS
MODULECODE: ACU07103
FACILITATOR: Edwin(Ms hossana)
SEMESTER: ONE
ACADEMICYEAR: 2024/2025
Demand is the willingness and ability of a consumer to buy a certain quantity of a
commodity at a specific price and specific period of time. The main difference lies in:

Movement along demand curve or change in quantity demanded, refer to the


increase or decrease in quantity demand by consumer due to change in price of commodity and
usually when price increase quantity demand decrease.

Assuming other factor remain constant example tested and preference, price of
substitute weather condition, example consider the diagram below.

From the above diagram 0P0 is original price and 0Q0 is original quantity the price change from
0p1 to 0p2 lead to decrease in quantity demand from 0Q10 to 0Q5 and when price decrease
from 0p2 to 0p1 led to the decrease in quantity demand from 0Q10 to 0Q5 and when price
decrease from 0p2 to 0p1 led to the increase in quantity demand from 0Q5 to 0Q10.

Shift in demand or change in demand; refer to the increase or decrease in demand due to
change in other factor other than price of commodity.

That factor like income, tested, and fashion, population. Example considers the diagram below
From the above diagram 0Pois original price and 0Qo is original quantity, when the income
increase led to increase in quantity demand from Do to D2 at the same level of side and when
income decrease Les to decrease in quantity demand from D2 to D1 at the same level of price
Po.

You might also like