With the scarcity of products and resources in our economy demand is ever changing. Living in the point and time in history that we are with the invention of computers and the subsequent computer age that has followed our lives have seen a great deal of change.
Graphing demand in the region in which you lived back at the turn of the 20th century would have been a simpler task then graphing demand in today's world economy. You would have still encountered the increases in demand however the region which you would be dealing with would have been significantly smaller.
In today's world market with the amount of products for possible purchase and consumers having higher than ever disposable income the demand is greater to have the latest and greatest items, as well to keep up with the Jones' and what they have.
Don't forget that part of the demand curve is influenced by what we as consumers believe our future income shall be. With us as students at SAIT taking classes we are doing this to increase our knowledge which in turn we hope shall lead us to better jobs which we make the assumption shall pay us more money, and in turn will give us more disposable income :) Which then we can spend, increasing our demand for products !!
Found graph at the following website:
http://economicobjectorvism.files.wordpress.com/2007/07/oil_graph_1.jpg
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