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Best Morning!
S M I L E
LAND LABOR
ENTREPRENEURSHIP
CAPITAL PRODUCTION
It is the time and effort exerted
by man which includes physical
and mental ability of a person
who work in the sectors of
agriculture, industry and service.
It is the time and effort exerted
by man which includes physical
and mental ability of a person
who work in the sectors of
agriculture, industry and service.
LABOR
Basic Concepts of Demand
It is considered as man-made
products that are used to produce
goods and services which
includes machineries, factories
and transportations.
It is considered as man-made
products that are used to produce
goods and services which
includes machineries, factories
and transportations.
CAPITAL
Basic Concepts of Demand
It is an individual that
oversees, plans and
takes risk in a business.
It is an individual that
oversees, plans and
takes risk in a business.
ENTREPRENEURSHIP
Basic Concepts of Demand
It refers to the natural resources
which encompasses all original
and nonrenewable natural
resources.
It refers to the natural resources
which encompasses all original
and nonrenewable natural
resources.
LAND
Basic Concepts of Demand
It refers to creating
products and services in
order to meet society’s
needs.
It refers to creating
products and services in
order to meet society’s
needs.
PRODUCTION
DEMAND?
Demand- it is defined as
the quantity of goods and
services that consumers are
willing to buy at a given price
and time.
The consumer side of the market is
DEMAND
The law of demand describes
the general behavior of
consumers.
Consumers tend to buy more if
the price of the product is low
and less if the price is high.
Law of Demand
Individual Demand
-the demand for a product by a
particular consumer or buyer.
Illustrating the Law of demand
Market Demand
-the demand for the same product
by all the consumers
Individual Demand
Schedule and Curve
Illustrating the Law of demand
• Individual Demand Schedule
Illustrating the Law of demand
refers to a tabular representation
that shows the quantity demand a
consumer is willing to buy given
alternative prices.
Athena’s
Individual
Demand
Schedule for
Spiral
Notebooks
Individual Demand Schedule
Price per Unit Quantity Demanded
(in pieces)
₱5.00 18
₱10.00 15
₱15.00 12
₱20.00 9
₱25.00 6
₱30.00 3
₱35.00 0
• Individual Demand Curve
Illustrating the Law of demand
is a graphical representation of
a demand schedule.
Individual Demand Curve
Market Demand
Schedule and Curve
Illustrating the Law of demand
Market Demand
Schedule for
Spiral Notebooks
(Athena + other
students)
Market Demand Schedule
Price per Unit Quantity Demanded
(in pieces)
₱5.00 1,300
₱10.00 1,000
₱15.00 850
₱20.00 580
₱25.00 300
₱30.00 200
₱35.00
₱40.00
100
10
Market Demand
Curve for Spiral
Notebooks
(Athena + other
students)
Market Demand Curve
Why consumers
prefer a Low
Price?
UTILITY THEORY
• Utility theory suggests that the
price of a product must be
commensurate to its usefulness.
The more useful the product is, the
higher price should be.
UTILITY THEORY
• Utility theory uses util as the
hypothetical unit for
measuring consumer
satisfaction.
UTILITY THEORY
UTILITY THEORY
UTILITY THEORY
1. Change in
Quantity
Demanded
2. Change in
Demand
SHIFTS IN DEMAND
1. Change in Quantity Demanded
SHIFTS IN DEMAND
Occurs when the demand for a
commodity changes because
the commodity’s price
changes. This creates a shift
along the demand curve.
2. Change in Demand
SHIFTS IN DEMAND
Happens when the demand for
a product at a particular time
increases or decreases even
though the price is constant.
This creates a shift of the
demand curve.
1. Income
FACTORS AFFECTING DEMAND
The increase in income will
most likely cause the demand
curve to shift to the right.
1. Income
FACTORS AFFECTING DEMAND
The decrease in income will
most likely to reduce its
volume of consumption, this
will cause the demand curve
to shift to the left.
2. Change in Demand
SHIFTS IN DEMAND
Happens when the demand for
a product at a particular time
increases or decreases even
though the price is constant.
This creates a shift of the
demand curve.
2. Change in Demand
SHIFTS IN DEMAND
Happens when the demand for
a product at a particular time
increases or decreases even
though the price is constant.
This creates a shift of the
demand curve.
2. Change in Demand
SHIFTS IN DEMAND
Happens when the demand for
a product at a particular time
increases or decreases even
though the price is constant.
This creates a shift of the
demand curve.
2. Change in Demand
SHIFTS IN DEMAND
Happens when the demand for
a product at a particular time
increases or decreases even
though the price is constant.
This creates a shift of the
demand curve.
1. Change in
Quantity
Demanded
2. Change in
Demand
SHIFTS IN DEMAND
1. Movement in the demand curve
2 movements in the demand curve
when the commodity
experience change in both the
quantity demanded and price,
causing the curve to move in
specific direction.
2. Shift in the demand curve
2 movements in the demand curve
When the price of the
commodity remains constant
but there is a change in
quantity demanded due to
some other factors causing the
curve to shift in particular side.
“ILLUSTRATE IT OUT”
Assuming that 300 is the quantity of the
product (Lanzones) that a consumer is willing
to buy.
Find the:
-Demand function, Demand schedule,
Demand curve, Market demand at your own
price.
Given the formula of Qd=300-5P
LUCKY ONE
QUIZ (10 pts)
Direction: Read the statement in each number and find the components being define inside
the box. Write your answer in a sheet of paper. (2 minutes)
_________1. It refers to the total quantity of a product or service demanded by all the
consumers in the market. This can be seen in the market.
_________2. Is a graphical representation of the inverse relationship between price and
quantity demand. We can use the demand schedule to plot the demand curve.
_________3. Is defined as the quantity of a product or service that a consumer is willing to
buy given alternative prices at a specific period in time.
_________4. States that at ceteris paribus, while price is decreasing the quantity demand is
increasing and while the price is increasing the quantity demand is decreasing.
_________5. Is a mathematical equation that has two variables, the dependent and
independent?
A. Demand B. Demand Schedule
C. Market Demand D. Law of Demand
E. Demand Function F. Demand Curve
ASSIGNMENT
Direction:
Gather news articles on the prices of basic
commodities including rice, sugar and chicken.
Make a class presentation on what is
happening to their prices using demand and
supply analysis.
THANK YOU
FOR LISTENING!

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SS 9 L6.pptx

  • 3. It is the time and effort exerted by man which includes physical and mental ability of a person who work in the sectors of agriculture, industry and service.
  • 4. It is the time and effort exerted by man which includes physical and mental ability of a person who work in the sectors of agriculture, industry and service. LABOR
  • 5. Basic Concepts of Demand It is considered as man-made products that are used to produce goods and services which includes machineries, factories and transportations.
  • 6. It is considered as man-made products that are used to produce goods and services which includes machineries, factories and transportations. CAPITAL
  • 7. Basic Concepts of Demand It is an individual that oversees, plans and takes risk in a business.
  • 8. It is an individual that oversees, plans and takes risk in a business. ENTREPRENEURSHIP
  • 9. Basic Concepts of Demand It refers to the natural resources which encompasses all original and nonrenewable natural resources.
  • 10. It refers to the natural resources which encompasses all original and nonrenewable natural resources. LAND
  • 11. Basic Concepts of Demand It refers to creating products and services in order to meet society’s needs.
  • 12. It refers to creating products and services in order to meet society’s needs. PRODUCTION
  • 13.
  • 15. Demand- it is defined as the quantity of goods and services that consumers are willing to buy at a given price and time. The consumer side of the market is DEMAND
  • 16. The law of demand describes the general behavior of consumers. Consumers tend to buy more if the price of the product is low and less if the price is high. Law of Demand
  • 17. Individual Demand -the demand for a product by a particular consumer or buyer. Illustrating the Law of demand Market Demand -the demand for the same product by all the consumers
  • 18. Individual Demand Schedule and Curve Illustrating the Law of demand
  • 19. • Individual Demand Schedule Illustrating the Law of demand refers to a tabular representation that shows the quantity demand a consumer is willing to buy given alternative prices.
  • 20. Athena’s Individual Demand Schedule for Spiral Notebooks Individual Demand Schedule Price per Unit Quantity Demanded (in pieces) ₱5.00 18 ₱10.00 15 ₱15.00 12 ₱20.00 9 ₱25.00 6 ₱30.00 3 ₱35.00 0
  • 21. • Individual Demand Curve Illustrating the Law of demand is a graphical representation of a demand schedule.
  • 23. Market Demand Schedule and Curve Illustrating the Law of demand
  • 24. Market Demand Schedule for Spiral Notebooks (Athena + other students) Market Demand Schedule Price per Unit Quantity Demanded (in pieces) ₱5.00 1,300 ₱10.00 1,000 ₱15.00 850 ₱20.00 580 ₱25.00 300 ₱30.00 200 ₱35.00 ₱40.00 100 10
  • 25. Market Demand Curve for Spiral Notebooks (Athena + other students) Market Demand Curve
  • 27. UTILITY THEORY • Utility theory suggests that the price of a product must be commensurate to its usefulness. The more useful the product is, the higher price should be.
  • 28. UTILITY THEORY • Utility theory uses util as the hypothetical unit for measuring consumer satisfaction.
  • 32. 1. Change in Quantity Demanded 2. Change in Demand SHIFTS IN DEMAND
  • 33. 1. Change in Quantity Demanded SHIFTS IN DEMAND Occurs when the demand for a commodity changes because the commodity’s price changes. This creates a shift along the demand curve.
  • 34. 2. Change in Demand SHIFTS IN DEMAND Happens when the demand for a product at a particular time increases or decreases even though the price is constant. This creates a shift of the demand curve.
  • 35. 1. Income FACTORS AFFECTING DEMAND The increase in income will most likely cause the demand curve to shift to the right.
  • 36. 1. Income FACTORS AFFECTING DEMAND The decrease in income will most likely to reduce its volume of consumption, this will cause the demand curve to shift to the left.
  • 37. 2. Change in Demand SHIFTS IN DEMAND Happens when the demand for a product at a particular time increases or decreases even though the price is constant. This creates a shift of the demand curve.
  • 38. 2. Change in Demand SHIFTS IN DEMAND Happens when the demand for a product at a particular time increases or decreases even though the price is constant. This creates a shift of the demand curve.
  • 39. 2. Change in Demand SHIFTS IN DEMAND Happens when the demand for a product at a particular time increases or decreases even though the price is constant. This creates a shift of the demand curve.
  • 40. 2. Change in Demand SHIFTS IN DEMAND Happens when the demand for a product at a particular time increases or decreases even though the price is constant. This creates a shift of the demand curve.
  • 41. 1. Change in Quantity Demanded 2. Change in Demand SHIFTS IN DEMAND
  • 42. 1. Movement in the demand curve 2 movements in the demand curve when the commodity experience change in both the quantity demanded and price, causing the curve to move in specific direction.
  • 43.
  • 44. 2. Shift in the demand curve 2 movements in the demand curve When the price of the commodity remains constant but there is a change in quantity demanded due to some other factors causing the curve to shift in particular side.
  • 45.
  • 46. “ILLUSTRATE IT OUT” Assuming that 300 is the quantity of the product (Lanzones) that a consumer is willing to buy. Find the: -Demand function, Demand schedule, Demand curve, Market demand at your own price. Given the formula of Qd=300-5P
  • 47.
  • 49. QUIZ (10 pts) Direction: Read the statement in each number and find the components being define inside the box. Write your answer in a sheet of paper. (2 minutes) _________1. It refers to the total quantity of a product or service demanded by all the consumers in the market. This can be seen in the market. _________2. Is a graphical representation of the inverse relationship between price and quantity demand. We can use the demand schedule to plot the demand curve. _________3. Is defined as the quantity of a product or service that a consumer is willing to buy given alternative prices at a specific period in time. _________4. States that at ceteris paribus, while price is decreasing the quantity demand is increasing and while the price is increasing the quantity demand is decreasing. _________5. Is a mathematical equation that has two variables, the dependent and independent? A. Demand B. Demand Schedule C. Market Demand D. Law of Demand E. Demand Function F. Demand Curve
  • 50. ASSIGNMENT Direction: Gather news articles on the prices of basic commodities including rice, sugar and chicken. Make a class presentation on what is happening to their prices using demand and supply analysis.