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Marketforces 120430192118-phpapp02

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Marketforces 120430192118-phpapp02

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

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