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Within one curve, this would not happen because there is no external factor that would push consumers to buy more at the same price. At the current level of demand within one curve, 200 people would be ready to buy hats if they cost less. For example, 500 rubles.
What factors influence demand?
Demand is a dynamic indicator. It can be influenced by various factors. Let us highlight some non-price factors of demand:
Changes in purchasing power. When incomes increase, people buy expensive goods more often, and when they decrease, they choose more affordable, healthier ones.
Tastes and preferences . Changes in fashion, trends.
Seasonality. Some products are in demand only during certain seasons, for example, winter clothing.
Prices for substitute goods. These are goods that can replace others. They south africa phone number list can be used to satisfy the same needs of the buyer. For example, tea or coffee.
Consumer expectations. If consumers expect an increase in cost, they purchase products in advance, stimulating an increase in demand and a change in price.
Let's highlight the price of the product separately. The lower the cost, the greater the demand, and vice versa. This is a price factor that affects the change in the amount of demand.
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Supply is the volume of products that companies can provide to consumers for a set price in a set time period. This is the reverse side of market relations: for example, demand reflects the interest of buyers, and supply reflects the actions of sellers.
In simple terms, supply reflects how many units of a good sellers are willing to produce and sell under current conditions. The law of supply is:
In this case, as in the case of demand, "supply" and "supply volume" are distinguished. The volume or size of supply is the amount of goods that producers are willing to sell at a certain price, with non-price factors remaining constant. On the graph, this is the movement of a point within one curve.
For example, in the graph below, at a price of 20 rubles (P1), the manufacturer is ready to sell 50 units of production (Q1). And 80 units (Q2), if each unit costs 90 rubles (P2). Because this will bring more profit. The law of demand is illustrated.
The nature of supply is the shift of the curve to the right or left on the graph under the influence of some external non-price factors (as in the case of demand - the logic is exactly the same).