We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byFrederica Booth
Modified over 5 years ago
Unit 2 – Supply and Demand
Categories Terms / ConceptsDemandSupplyEquilibriumDeterminants 100 200 300 400 500
Define INFERIOR GOOD
Where Quantity Supplied equals Quantity Demanded
Explain SHORTAGE and draw a graph
Explain SURPLUS and draw a graph
How is market demand calculated?
Define the Law of Demand
Illustrate a change in Quantity Demanded using a graph.
What is the difference between Demand and Quantity Demanded?
Why is the demand curve downward sloping?
Define a supply schedule.
What is the difference between Supply and Quantity Supplied?
How is market supplied calculated?
Illustrate a change in Quantity Supplied using a graph.
What is the relationship between quantity and price when looking at supply?
What happens if… The price of Pepsi increases Q PP S D Pepsi
What happens if… The price of Coca Cola increases Q PP S D Pepsi
What happens if… The price of DVD players decreases Q PP S D DVDS
What happens if… There is a decrease in the price of Grapes Q PP S D Grape Juice
What happens if… The price of Wine increases Q PP S D Grape Juice
This determinant deals with changing attitudes of consumers toward a particular product.
This determinant deals with goods that are used and purchased together.
Explain how Business Taxes affects the market (Supply or Demand?)
Explain the effect of a Change in Income for Normal and Inferior goods.
Explain how expectations of future prices affects DEMAND and SUPPLY.
6-1: Seeking Equilibrium: Demand and Supply
#1 The law of demand states that:
Supply & Demand Analysis Miss Varee Spring 2004 Spring 2004Economics.
Supply and Demand: How Markets Work
MARKETS AND COMPETITION
Copyright © 2004 South-Western 4 The Market Forces of Supply and Demand.
Supply and Demand Introduction and Demand
Module 4: Market Equilibrium
Ch. 3: Supply and Demand: Theory
Theory of Supply and Demand
2 SUPPLY AND DEMAND I: HOW MARKETS WORK. Copyright © 2004 South-Western 4 The Market Forces of Supply and Demand.
SUPPLY AND DEMAND I: HOW MARKETS WORK. Copyright © 2004 South-Western The Market Forces of Supply and Demand.
Demand, supply, and Market equilibrium
Managerial Economics & Business Strategy
1 © 2010 South-Western, a part of Cengage Learning Chapter 3 Market Demand and Supply Microeconomics for Today Irvin B. Tucker.
Demand. Quantity of a product that buyers are willing and able to purchase at any and all prices Consumers are interested in receiving the most satisfaction.
Chapter 3 Supply and Demand: In Introduction. Basic Economic Questions to Answer What: variety and quantity How: technology For whom: distribution.
Demand, Supply & Market Equilibrium
Individual Markets: Demand & Supply 3 C H A P T E R.
3 - 1 Copyright McGraw-Hill/Irwin, 2002 Markets Demand Defined Demand Graphed Changes in Demand Supply Defined Supply Graphed Changes in Supply Equilibrium.
© 2021 SlidePlayer.com Inc. All rights reserved.