Marketforces 120430192118-phpapp02
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Marketforces 120430192118-phpapp02 Marketforces 120430192118-phpapp02 Presentation Transcript

  • 2SUPPLY AND DEMAND I: HOW MARKETS WORK
  • The Market Forces of 4Supply and DemandCopyright © 2004 South-Western
  • Figure 1 Catherine’s Demand Schedule andDemand Curve Copyright © 2004 South-Western
  • Figure 2 Market Demand as the Sum of IndividualDemands Copyright © 2004 South-Western
  • Figure 3 Shifts in the Demand Curve Copyright © 2004 South-Western
  • Table 1 Variables That Influence Buyers Copyright©2004 South-Western
  • Figure 4 Shifts in the Demand Curve versusMovements along the Demand Curve Copyright © 2004 South-Western
  • Figure 5 Ben’s Supply Schedule and Supply Curve Copyright © 2004 South-Western
  • Figure 6 Market Supply as the Sum of IndividualSupplies Copyright © 2004 South-Western
  • Figure 6 Market Supply as the Sum of IndividualSupplies Copyright © 2004 South-Western
  • Figure 7 Shifts in the Supply Curve Copyright © 2004 South-Western
  • Table 2 Variables That Influence Sellers Copyright©2004 South-Western
  • Figure 8 The Equilibrium of Supply and Demand Copyright © 2004 South-Western
  • Figure 9 Markets Not in Equilibrium Copyright © 2004 South-Western
  • Table 3 The Three-Step Program for AnalyzingChanges in Equilibrium Copyright©2004 South-Western
  • Figure 10 How an Increase in Demand Affects theEquilibrium Copyright © 2004 South-Western
  • Figure 11 How a Decrease in Supply Affects theEquilibrium Copyright © 2004 South-Western
  • Figure 12 A Shift in Both Supply and Demand Copyright © 2004 South-Western
  • Table 4 What Happens to Price and QuantityWhen Supply or Demand Shifts? Copyright©2004 South-Western
  • Copyright©2004 South-Western