Law Of Demand by jbarrera_1209

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Slide Notes

Law Of Demand

Published on Feb 03, 2016

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PRESENTATION OUTLINE

Law Of Demand

By: Jose Barrera

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When prices go down the amount of product sold goes up.

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When the price goes up total product revenue goes down.

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Also if the product stays at a low price the demand for that product goes down as well, leading to less profit for the compony

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If the price goes up too much the item becomes a luxury and is bought less often.

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Untitled Slide

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Cost Less = More Sold
Cost More = Less Sold

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Amount of product sold(same pro.)

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