The Law of Demand

Demands is anything we need, wants or desired to be owned, that we can afford to pay it.

The higher the price, the lower the quantity demands. Meaning, the higher price of goods less people buy or demand that goods. The graph below we apply the law of demand.The asterisk (*) is represent the curve of demand and each asterisk (*) has a relationship between the Price and Quantity demand. Look at the point P1 and Q1 it says the higher price, low quantity demand. and at the point P3 and Q3 it says the low price, higher the quantity demand.

Price
    |
p1|_____*    
    |          |
p2|_____|______ * Demands
    |          |            |
p3|_____|______|______*
    |          |            |            |
    |_____|______|______|_____Quantity
              q1        q2         q3


In P3 and Q3 it says also the high on quantity demand, the low the price. Again, the meanings is low price of the goods, the more people will buy or demand that goods.