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.

Slides:



Advertisements
Similar presentations
Supply and Demand Shocks Unit Four, Lesson Two Economics Economics.
Advertisements

Demand and supply analysis
© 2011 Pearson Education, Inc. All Rights Reserved Introduction to Economic Reasoning, Eighth Edition William D. Rohlf, Jr. Chapter 3: Demand and Supply:
2 SUPPLY AND DEMAND I: HOW MARKETS WORK. Copyright © 2006 Thomson Learning 4 The Market Forces of Supply and Demand.
Module Supply and Demand: Introduction and Demand
Market Equilibrium.
MARKET EQUILIBRIUM. What is it?  When the supply of a product is equal to the demand of a product at a certain price.  This means that there is no excess.
Chapter 8 Competitive Firms and Markets. © 2004 Pearson Addison-Wesley. All rights reserved8-2 Figure 8.1 Residual Demand Curve.
2.1 Markets Supply Pg 47 Oliver Chang. Determinant of Supply Taxes: increases production costs and reduces supply Subsidies: lowers producers’ costs and.
3 SUPPLY AND DEMAND II: MARKETS AND WELFARE. Copyright © 2004 South-Western 7 Consumers, Producers, and the Efficiency of Markets.
Supply and Demand Chapter 3. Competitive Market Lots of buyers and sellers dealing in identical goods.
The Market Forces of Supply and Demand
How Markets Work Supply. If firm supplies a good or a service, the firm: 1.Has the resources and technology to produce it, 2.Can make profit from producing.
Copyright © 2011 Cengage Learning 4 The Market Forces of Supply and Demand.
Copyright©2004 South-Western 30 Money Growth and Inflation Money Growth and Inflation.
Copyright © 2010 Pearson Education. All rights reserved. Chapter 21 Monetary and Fiscal Policy in the ISLM Model.
MARKET EQUILIBRIUM Quantity Price Quantity Price.
3 DEMAND AND SUPPLY. © 2012 Pearson Addison-Wesley Equilibrium is a situation in which opposing forces balance each other. Equilibrium in a market occurs.
Module Supply and Demand: Changes in Equilibrium
Chapter Five: Welfare Analysis. Consumer Surplus.
INTERACTIVE FIGURES PART 6 Demand and Supply in Factor Markets CHAPTER 18 HOW INCOMES ARE DETERMINED.
ECONOMICS 211 CLICKER QUESTIONS Chapter 4 – Question Set #3.
5.1 – An Economic Application: Consumer Surplus and Producer Surplus.
4 THE ECONOMICS OF THE PUBLIC SECTOR. Copyright © 2006 Thomson Learning 10 Externalities.
Chapter Four: Supply and Demand. The Theory of Supply.
Norwood and Lusk: Agricultural Marketing & Price Analysis © 2008 Pearson Education, Upper Saddle River, NJ All Rights Reserved. Chapter 2 Basic.
Module Supply and Demand: Supply and Equilibrium
Chapter 4: The Market Forces of Supply and Demand 1.
Chapter Three: Supply and Demand. The Theory of Supply.
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,
Equilibrium Market Prices Economics. The concept of the equilibrium price  Equilibrium means a state of equality between demand and supply D S.
SUPPLY AND DEMAND. DEMAND CURVE QUANTITY 0 D D Price Quantity PRICE.
Chapter Sixteen: Markets Without Power. Perfect Competition.
CONTEMPORARY ECONOMICS© Thomson South-Western 6.2Shifts of Demand and Supply Curves  Explain how a shift of the demand curve affects equilibrium price.
DEMAND, SUPPLY, and MARKET EQUILIBRIUM Appendix (chapter 3)
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.
IGCSE ECON How Prices are determined _chap 7.
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.
6 THE ECONOMICS OF LABOUR MARKETS. Copyright © 2006 Thomson Learning 18 The Markets for the Factors of Production.
Economics Test Review Unit 2.
Chapter Four: Supply and Demand.
Equilibrium.
Market Equilibrium and Linear Equations
MARKET EQUILIBRIUM.
S&D: Supply Shifts Price
SHORT-RUN ECONOMIC FLUCTUATIONS
Aggregate Demand and Aggregate Supply
Demand and Supply The market price for products and services is affected by the demand and supply of products and services If there is a high supply and.
Chapter 4 Demand, Supply, and Equilibrium
Chapter Six: Welfare Analysis.
The Markets for the Factors of Production
10 Externalities.
Market Effects of Changes in Demand or Changes in Supply
Chapter 4 Supply and Demand.
S & D Warm Up.
THE ECONOMICS OF LABOUR MARKETS
Chapter Three: Supply and Demand.
THE ECONOMICS OF THE PUBLIC SECTOR
FIGURE 14.1 Change in the Price Level and the Effect on the Money Market
Supply and Demand: Single and Multiple Changes in the Market for Homes
Firms in Competitive Markets
EQUATION 2.1 Demand Function.
Equilibrium.
Market Equilibrium – Consumer and Producer Surplus Graphically, we can identify the areas representing consumer and producer surplus, which.
Perfectly Competitive Markets
SUPPLY AND DEMAND I: HOW MARKETS WORK
MARKET EQUILIBRIUM.
Factors that Shift Demand & Supply
Presentation transcript:

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 A Change in the Quantity Demanded Versus a Change in Demand Figure 3.1 with table Figure 3.1 with table The Demand Curve Figure 3.2 with table Figure 3.2 with table An Increase in Demand

Click on button to go to figure © 2016 Pearson Education A Change in the Quantity Supplied Versus a Change in Supply Figure 3.7 Figure 3.6 Equilibrium Figure 3.7 with table Figure 3.7 with table Equilibrium Figure 3.5 with table Figure 3.5 with table An Increase in Supply Figure 3.5 An Increase in Supply Figure 3.4 The Supply Curve Figure 3.4 with table Figure 3.4 with table The Supply Curve

Click on button to go to figure © 2016 Pearson Education Decrease in Both Demand and Supply Increase in Both Demand and Supply Figure 3.10 (b) Figure 3.10 (a) The Effects of a Change in Supply Figure 3.9 The Effects of a Change in Supply Figure 3.9 with table Figure 3.9 with table The Effects of a Change in Demand Figure 3.8 The Effects of a Change in Demand Figure 3.8 with table Figure 3.8 with table

Click on button to go to figure © 2016 Pearson Education The Market for Coffee in The Market for College Education Economics in the News Economics in the News Economics in the News Economics in the News Decrease in Demand; Increase in Supply Increase in Demand; Decrease in Supply Figure 3.11(a) Figure 3.11(b)

Click on button to go to figure © 2016 Pearson Education The Demand for Energy Bars The Supply of Energy Bars Table 3.2 Table 3.1 Economics in the News Figure 1 Economics in the News Figure 1 Economics in the News Figure 2 Economics in the News Figure 2 The Price of Bananas: Banana Production: Economics in the News Figure 3 Economics in the News Figure 3 The Market for Bananas The Market for Roses Worked Problem

Click on button to go to figure © 2016 Pearson Education Math Note Figure 1 Math Note Figure 1 Math Note Figure 2 Math Note Figure 2 Demand Curve Supply Curve Math Note Figure 3 Math Note Figure 3 Market Equilibrium

© 2016 Pearson Education