DEMAND AND SUPPLY

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DEMAND AND SUPPLY by Mind Map: DEMAND AND SUPPLY

1. Exceptional Demand

1.1. Giffen Goods

1.2. Status Symbol Goods

1.3. Speculation

1.4. Emergencies

2. Ability and willingness to buy specific quantities of goods in a given period of time

3. Ability and willingness to sell specific quantities of good given specific of time

4. SUPPLY

4.1. law of supply

4.1.1. Price

4.1.2. Quantity Demand

5. DEMAND

5.1. Law of demand

5.1.1. Price

5.1.2. Quantity Demanded

6. Determinants of Supply

6.1. Cost of Production

6.2. Price of Related Good

6.3. Expectation

6.4. Technological Advance

6.5. Number of Seller

6.6. Government Policies

7. Determinants of Demand

7.1. Price of Related Goods

7.2. Consumers Income

7.3. Festive Season and Climate

7.4. Complementary Goods

7.5. Population and No of Buyers

7.6. Advertisement

8. Interrelated Demand

8.1. Cross demand

8.2. Derived Demand

9. Changes In Demand and Quantity Demand

10. Exceptional Supply

10.1. Against Law of Supply

10.1.1. Price

10.1.2. Quantity supply

11. Individual & Market Supply

11.1. Individual

11.1.1. Relationship between quantity of a product supplied by a single seller and its price

11.2. Market

11.2.1. Relationship between total quantity of a product suppplied by adding all the quantities supplied by all sellers in the market and its price

12. Change in Quantity Supplied & Change in Supply