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okay were gonna start demand and supply and well do demand first then well do supply and then we will put supply and demand together these are really important notes these are really important lectures if there is something that you dont understand it is critical that you ask me these questions because you know weve got three chapters were gonna spend weeks on this gonna be a lot of points and this can be a little confusing excuse me so lets start out with the definition of demand demand is your willingness and ability to purchase goods and services at all possible prices for a specific period of time so in order to have a demand for something you have to be willing to purchase it there are lots of things that I can afford that I dont want so I dont have a demand for them the first thing that comes to mind is I hate coconut so if I wanted a candy bar the last thing I would buy is is like a mounds or an almond joy anything that with coconut in it so I have enough money that I c