Chapter 4: Demand Opener. Copyright © Pearson Education, Inc.Slide 2 Chapter 4, Opener Essential Question How do we decide what to buy.
The definition of the market concept The methodology for quantifying a market The concept of market share The market Laurence Chérel Catherine Madrid 2.3.1.
Chapter 4: Demand Section 1. Copyright © Pearson Education, Inc.Slide 2 Chapter 4, Section 1 Objectives 1.Explain the law of demand. 2.Describe how the.
Demand Chapter 4 Section 1. Key Terms demand: the desire to own something and the ability to pay for it law of demand: consumers will buy more of a good.
1 Chapter 3 Demand and Supply 2 What is the Law of Demand? When price increases the quantity demanded decreases.
Chapter 4: Demand Opener
