Micro: Unit 1.1 -- Demand

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define market demand and explain the factors that contribute to the inverse relationship
between price level and quantity demanded
- Explain changes in quantity demanded as price level changes, leading to a downward-
sloping demand curve
- Identify the 5 components of market demand (P.I.N.E.T.) and discuss how several
factors can influence demand
- Analyze changes in the components of market demand, predict the effects of those
changes, and then graph the changes on a demand graph
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First