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\author{nfz02}
\pdfinfo{
  /Title (demand-supply-and-market-equilibrium-i.pdf)
  /Creator (Cheatography)
  /Author (nfz02)
  /Subject (DEMAND, SUPPLY \& MARKET EQUILIBRIUM (I) Cheat Sheet)
}

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    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
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    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{DEMAND, SUPPLY \& MARKET EQUILIBRIUM (I) Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{nfz02} via \textcolor{DarkBackground}{\uline{cheatography.com/175077/cs/36784/}}}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}nfz02 \\
  \uline{cheatography.com/nfz02} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 29th January, 2023.\\
   Page {\thepage} of \pageref{LastPage}.
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  Measure your website readability!\\
  www.readability-score.com
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\begin{document}
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\begin{multicols*}{3}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{All about Demand}}  \tn
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{{\bf{Demand}}  \newline % Row Count 1 (+ 1)
the quantity of a good or service that consumers are willing and able to purchase at a given price in a particular time period \newline % Row Count 4 (+ 3)
{\bf{Law of demand}} \newline % Row Count 5 (+ 1)
Price goes down, quantity demanded increases.  \newline % Row Count 6 (+ 1)
Price goes up, quantity demanded decreases. \newline % Row Count 7 (+ 1)
 (vise versa)% Row Count 8 (+ 1)
} \tn 
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Factors that affect demand}}  \tn
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\mymulticolumn{1}{x{5.377cm}}{1. Price of related goods  \newline % Row Count 1 (+ 1)
2. Price of other goods \newline % Row Count 2 (+ 1)
   - replacement goods (brg pengganti)  \newline % Row Count 3 (+ 1)
   - complementary goods (brg penggenap) \newline % Row Count 4 (+ 1)
3. Income  \newline % Row Count 5 (+ 1)
4. Tastes /Preferences \newline % Row Count 6 (+ 1)
5. Number of Consumers \newline % Row Count 7 (+ 1)
6. Expectations% Row Count 8 (+ 1)
} \tn 
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\begin{tabularx}{5.377cm}{x{2.38896 cm} x{2.58804 cm} }
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Why is the demand curve downward sloping?}}  \tn
% Row 0
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Subsitution Effect of goods & Changes in price motivate consumers to buy cheaper substitute products \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
Income Effect & When price goes down, people buy more of a product because their purchasing power has increased; vice versa. \tn 
% Row Count 10 (+ 6)
% Row 2
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Law of Dimini sihing Marginal Utility & As you continue to consume a given product, you will have less satisf action the more you have. \tn 
% Row Count 15 (+ 5)
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Explanation}}  \tn
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barang pengganti & dua barang yang boleh saling menganti kerana fungsinya yang sama. {\bf{cth: margerin dan mentega}} \tn 
% Row Count 5 (+ 5)
% Row 1
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complementary goods (barang penggenap) & dua barang yang perlu digunakan bersama. {\bf{cth: kereta dan petrol}} \tn 
% Row Count 9 (+ 4)
% Row 2
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Income (pendapatan pengguna) & Y increases, consumer purchasing power increases and demand also increases \tn 
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Differentiate between}}  \tn
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{\bf{Change in quantity demanded}} & {\bf{Change in demand}} \tn 
% Row Count 2 (+ 2)
% Row 1
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happen because of: the price of the item itself & happen because of another factor other than factor the price of the item itself \tn 
% Row Count 6 (+ 4)
% Row 2
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 & a) Price changes of other goods \tn 
% Row Count 8 (+ 2)
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 & b) Income \tn 
% Row Count 9 (+ 1)
% Row 4
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 & c) Tastes and Preferences \tn 
% Row Count 11 (+ 2)
% Row 5
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 & d) Number of Consumers \tn 
% Row Count 13 (+ 2)
% Row 6
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 & e) Future Expectation \tn 
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Price (RM) & quantity demanded (units) \tn 
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1 & 10 \tn 
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2 & 8 \tn 
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3 & 6 \tn 
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4 & 4 \tn 
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5 & 2 \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Demand curve}}  \tn
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\mymulticolumn{1}{p{5.377cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/nfz02_1675021710_demand 1 .png}}} \tn 
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\mymulticolumn{1}{x{5.377cm}}{There is a negative relationship between price and quantity demanded. \newline  \newline if the price increases (RM3 to RM4), the quantity demanded decreases (6 units to 4 units) \newline if the price decreases (RM3 to RM2), the quantity demanded increases (6 units to 8 units)}  \tn 
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\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Calculate  equation of demand}}  \tn
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\mymulticolumn{1}{x{5.377cm}}{{\bf{Qd = a - bP}} \newline % Row Count 1 (+ 1)
Qd = quantity of demand for goods X \newline % Row Count 2 (+ 1)
P = price of goods x \newline % Row Count 3 (+ 1)
a = intercept (pintasan pada paksi)  \newline % Row Count 4 (+ 1)
b = the slope of the demand curve (negative) kecerunan  \newline % Row Count 6 (+ 2)
if  \newline % Row Count 7 (+ 1)
P = RM1, Qd = 10units  \newline % Row Count 8 (+ 1)
P = RM2, Qd = 8units  \newline % Row Count 9 (+ 1)
then: \newline % Row Count 10 (+ 1)
10 = a - 1b (equation 1) \newline % Row Count 11 (+ 1)
8 = a - 2b (equation 2)  \newline % Row Count 12 (+ 1)
{\emph{Step 1}} \newline % Row Count 13 (+ 1)
find value b \newline % Row Count 14 (+ 1)
b = \#Q / \#P  \newline % Row Count 15 (+ 1)
{\bf{\# =  big digit - small digit * }} \newline % Row Count 16 (+ 1)
b = (10-8)/ (2-1) \newline % Row Count 17 (+ 1)
b = 2/1 \newline % Row Count 18 (+ 1)
{\bf{b = 2}} \newline % Row Count 19 (+ 1)
{\emph{Step 2}} \newline % Row Count 20 (+ 1)
find value a \newline % Row Count 21 (+ 1)
Qd = a - bP \newline % Row Count 22 (+ 1)
10 = a - 1b \newline % Row Count 23 (+ 1)
10 = a - 1(2)  \newline % Row Count 24 (+ 1)
10 = a - 2  \newline % Row Count 25 (+ 1)
10 + 2 = a \newline % Row Count 26 (+ 1)
{\bf{a = 12}}  \newline % Row Count 27 (+ 1)
demand equation = Qd = 12 - 2P% Row Count 28 (+ 1)
} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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% That's all folks
\end{multicols*}

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