Economics Chapter 2 Part 1 in Afan Oromo | Meaning, Law of Demand, Demand,function, Curve & Schedule

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In this video, you will finally understand Demand in the most simple, clear, and beginner-friendly way.

No confusing language. No heavy theories. Just clean explanations every students follows the official Introduction to Economics textbook and covers everything from the meaning of demand to the law of demand, demand schedules, and demand curves.

Perfect for freshman students, exam preparation, and anyone learning economics for the first time.

✨ What You Will Learn in This Video (Based on Chapter 2):

📌 1. What is Demand in Economics?

Understand the true meaning of demand — not just “wanting something,” but want + willingness + ability to pay.
This alone will change how you see economic behavior.

📌 2. The Law of Demand (Explained Simply!)

You’ll understand why:
➡️ When price increases, quantity demanded falls
➡️ When price decreases, quantity demanded rises
All explained with simple logic and real-life examples.

📌 3. Individual Demand Schedule

You will learn how to read a demand schedule using a clean table of prices and quantities — exactly how it appears in your textbook.

📌 4. Demand Curve (Graph Explanation)

We show how to draw the demand curve from the demand schedule, and why the curve always slopes downward.

📌 5. Market Demand

Learn how the market demand curve is created by adding all individual demands together.
A must-know concept for exams!


🎯 Why This Lesson Is Important

This chapter is the foundation for:
. Elasticity
. Market equilibrium
. Supply
. Consumer behavior
. Price theory

Understanding this part clearly makes all future economics lessons easier.

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