S & D Warm Up.

Slides:

Advertisements

Similar presentations

Supply and Demand: Market Equilibrium. Equilibrium When supply = demand, there is equilibrium in the market Equilibrium creates a single price and quantity.

Advertisements

Demand and supply analysis

2.1 Markets Supply Pg 47 Oliver Chang. Determinant of Supply Taxes: increases production costs and reduces supply Subsidies: lowers producers’ costs and.

Supply and Demand Chapter 3. Competitive Market Lots of buyers and sellers dealing in identical goods.

The Market Forces of Supply and Demand

Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.

Demand and Supply: Basics September 9, Demand  In a market economy, the price of a good is determined by the interaction of demand and supply.

MARKET EQUILIBRIUM Quantity Price Quantity Price.

Chapter 3 Demand and Supply Huanren (Warren) Zhang.

Microeconomics: Law of Supply & Demand

ECONOMICS 211 CLICKER QUESTIONS Chapter 4 – Question Set #3.

Individual Markets: Demand & Supply 3 C H A P T E R.

Demand and Supply: an Introduction

Demand for and Supply of Greebes PRICE $ per Greebe QUANTITY DEMANDED (millions of Greebes) QUANTITY SUPPLIED (millions of Greebes) $

Macroeconomics CHAPTER 3 Supply and Demand PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.

Problem #1 Price of Gasoline rises and Autoworkers gain 10% pay raise Price Qty SUV’s D1D1 S1S $30K 2 Mil. E1E1 D2D S2S2.

Supply and Demand in Action The Motion of a “Free Market”

Changes in Equilibrium Lesson 2.7. Changes in Supply and Demand Law of Demand and Law of Supply describe what happens when prices change When price changes,

Demand Defined Demand Graphed Changes in Demand Supply Defined Supply Graphed Changes in Supply Equilibrium Surpluses Shortages Individual Markets: Demand.

Chapter 6 Section 2.  Shortage – firms will raise prices ◦ Quantity supplied will rise; quantity demanded will fall; until both are equal  Surplus –

Law of Supply How Much Do We Make?. Quantity Supplied S.

CONTEMPORARY ECONOMICS© Thomson South-Western 6.2Shifts of Demand and Supply Curves  Explain how a shift of the demand curve affects equilibrium price.

Jump to first page Impact on Equilibrium Price and Quantity of Demand Curve Shifters S E1E1 P E1 Q E1 1. Draw equilibrium condition 3. Determine new equilibrium.

MARKET ADJUSTMENTS Changes To Demand And Supply. MARKET ADJUSTMENTS l The price of a product remains at the equilibrium point until something changes.

DEMAND, SUPPLY, and MARKET EQUILIBRIUM Appendix (chapter 3)

Module Supply and Demand: Introduction and Demand KRUGMAN'S MACROECONOMICS for AP* 5 Margaret Ray and David Anderson.

Over the next 3 minutes you will see 10 questions relating to shifting demand and supply curves. Assuming for each question the original equilibrium point.

ENVR 210 CLICKER QUESTIONS Chapter 4 – Question Set #3.

Chapter 6 Combining Supply and Demand. Equilibrium- where the supply and demand curves cross. Equilibrium determines the price and the quantity to be.

MARKET EQUILIBRIUM.   Market Equilibrium is when the quantity demanded and the quantity supplied at a particular price are EQUAL.   Equilibrium Price.

Unit 8: Econ 2 Supply & Demand. DEMAND Demand Schedule/Curve – a chart/graph that shows how many products will be bought at a particular price. Determinants.

Effect of a tax on price and quantity S + tax S O P1P1 Q1Q1 D P Q.

Demand A Schedule Showing the Consumers are Willing and Able to Purchase At a Specified Set of Prices During A Specified Period of Time Amounts of a Good.

3 DEMAND AND SUPPLY Click on button to go to figure © 2016 Pearson Education Figure 3.3 Figure 3.2 Figure 3.1 The Demand Curve An Increase in Demand.

Unit 3 Targets. Target #1 Be able to identify what demand is and what sector it refers to.

+ Supply & Demand. + Ceteris paribus Latin phrase that means “all other things remain the same” What causes supply and demand to change?

ECO 365 Week 1 DQ 2 Identify a good or service with which you are familiar. What factors have contributed to changes in the supply of and demand for that.

SUPPLY & DEMAND Law of Demand Law of Supply Market Price – Equilibrium

And Market Equilibrium

LESSON 6.2 Shifts of Demand and Supply Curves

The Impact on Price or Quantity will be uncertain

3 C H A P T E R Individual Markets Demand & Supply.

UNIT ONE: PART II Supply & Demand.

Supply and Demand.

MARKET EQUILIBRIUM.

Money Growth and Inflation

Changes in quantity demanded

Unit 8: Econ 2 Supply & Demand.

Supply Supply is relationship that shows the various quantities of a good that sellers are willing and able to sell at different prices.

Determinants of Demand

AP ECONOMICS: September 11

The Impact on Price or Quantity will be uncertain

S&D: Demand Shifts What is the equilibrium price?

DEMAND Demand Schedule – a chart that shows how many products will be bought at a particular price. Demand Curve – a graph that shows how many products.

Market Effects of Changes in Demand or Changes in Supply

When Both Curves Shift Now what do I do?.

Shifts in both Supply and Demand What happens to Price

Demand Practice EOCT Questions

EQUATION 2.1 Demand Function.

3 C H A P T E R Individual Markets: Demand & Supply.

Saving, Investment, and the Financial System

Changes in Supply and Demand

AP ECONOMICS: September 13

Supply and Demand Test Review

MARKET EQUILIBRIUM.

19. The equilibrium quantity for blue jeans is 60 pairs.

Equilibrium of Supply & Demand

Supply and Demand.

Presentation transcript:

S & D Warm Up

Indicate the effect [increase (+), decrease (–)] on equilibrium price (P) and equilibrium quantity (Q) of each of these changes in demand and/or supply. Decrease in the price of a substitute Increase in cost of resources Decrease in the price of a complement Decrease in a tax on producers

Indicate the [increase (+), decrease (–), or indeterminate ( Indicate the [increase (+), decrease (–), or indeterminate (?)] on equilibrium price (P) and equilibrium quantity (Q) of each of these changes in demand and/or supply. Increase in demand, increase in supply Increase in demand, decrease in supply Decrease in demand, decrease in supply Decrease in demand, increase in supply