Demand for new cars in a particular neighborhood are likely to cause When the Demand Curve initially. decreasing then the neighborhood are not willingness to pay for the new car as because dean and los the new laws in decreasing bay the Substitution effect of relatively less expensive", as Compared to when the demand curve initially and willingness neighborhood increasing then pay for the new car as move way to the area people
What is demand?
Demand is just want supported by buying power, which is to say what any person is willing to purchase from the marketplace in a given length of time at a particular price. Desire is merely the longing for a good, and a person might desire a good even if he is unable to buy it from the market. Demand is the quantity of a product that a consumer wants to purchase at a certain price point and for a set amount of time. In other words, quantity demanded relates to the willingness to spend any money and the desire to purchase goods or services.
A table depicting the various quantities of a product that all customers are willing to buy at various prices is termed a market demand schedule. It is the total of each and every program of unique demand for every price.
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