Your SlideShare is downloading. ×
  • Like
  • Save
Supply and Demand
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Now you can save presentations on your phone or tablet

Available for both IPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Supply and Demand

  • 24,274 views
Published

Covers the basics of the law of supply and demand, as well as some of the factors of production and demand.

Covers the basics of the law of supply and demand, as well as some of the factors of production and demand.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
  • hey can u please send me this ppt. i need it to teach a class.. pls. my email id is snhshah03@yahoo.in....
    Are you sure you want to
    Your message goes here
  • much interested with this presentation....i need this in my masters degree...kindly send a copy in my email cers-querol@yahoo.co.uk please please........thank you so much
    Are you sure you want to
    Your message goes here
  • Hi Im a Health Economics Student and I need this presentation. Can you do me a favor and send me this in my email (zakztanmj_cruz@yahoo.com) I would be very thankful if you do.
    Are you sure you want to
    Your message goes here
  • can you please send me a copy on my mail
    rifampicin2010@yahoo.com
    Are you sure you want to
    Your message goes here
  • THANK YOU!
    Are you sure you want to
    Your message goes here
No Downloads

Views

Total Views
24,274
On SlideShare
0
From Embeds
0
Number of Embeds
18

Actions

Shares
Downloads
0
Comments
31
Likes
141

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. • Quantities of a particular good or  service consumers are willing and  able to buy at different possible  prices.
  • 2. • Consumers buy more of a good when  its price decreases and less when its  price increases. When price  Demand  When price  Demand  goes up… goes down… goes down… goes up…
  • 3. 1. Changes in income (the income  effect)… when income consumers goes up buy more when income consumers goes down buy less
  • 4. 2. Prices or availability of substitutes  (substitution effect)… a substitute is a good that can be used  • in place of another. or
  • 5. 3. Prices or availability of  complementary goods... complementary goods are things that  • are often are sold or used together &
  • 6. 4. Changes in the number of buyers... more  people  (buyers),  more sales
  • 7. 5. Changes in tastes & preferences… then… now…
  • 8. • Supply: The amount of a product  that is offered for sale at all possible  prices in the market.
  • 9. • Tendency of suppliers to offer more of a good at a higher price and less at  lower prices. When price  Supply  When price  Supply  goes up… goes up… goes down… goes down…
  • 10. • The law of demand  describes how  price affects  CONSUMERS… • And the law of  supply describes  how price affects  PRODUCERS
  • 11. 1. Cost of inputs (factors of  production)… when production supply costs go up goes down when production supply costs go down goes up
  • 12. 2. Changes in productivity… when productivity supply goes up goes up when productivity supply goes down goes down
  • 13. 3. Change in the number of sellers in  the market… More sellers in a market = increase  • supply. Fewer sellers in a market = decrease  • supply.
  • 14. • The equilibrium price is where  supply & demand intersect. equilibrium price