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Elements of Demand and Supply

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Gregar Donaven Valdehueza
Gregar Donaven Valdehueza

Elements of Demand and Supply

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ELEMENTS OF DEMAND AND SUPPLY Prepared by: GREGAR DONAVEN E. VALDEHUEZA, MBA Lourdes College Instructor Chapter 3 ECONOMICS: its concepts and principles By: BKG Gabay RM Remotin, Jr. EAM Uy
DEMAND ,[object Object],[object Object],[object Object]
Determinants of Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Demand Schedule ,[object Object],[object Object]
Example of a Demand Schedule 200 5 400 4 600 3 800 2 1000 1 Quantity Demanded Price (Php ‘000)
Demand Curve ,[object Object],[object Object]
Example of a Demand Curve
Law of Demand ,[object Object],[object Object]
Justification for the Law of Demand ,[object Object],[object Object],[object Object],[object Object]
Changes Involving Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SUPPLY ,[object Object]
Determinants of Supply ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Supply Schedule ,[object Object],[object Object]
Example of a Supply Schedule 1000 5 800 4 600 3 400 2 200 1 Quantity Supplied Price (Php ‘000)
Supply Curve ,[object Object],[object Object]
Example of a Supply Curve
Law of Supply ,[object Object],[object Object]
Changes Involving Supply ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Determination of Market Equilibrium ,[object Object],[object Object],[object Object]
Market Equilibrium ,[object Object],[object Object]
Demand and Supply Schedules Downward Surplus (800) 1000 200 5 E Downward Surplus (400) 800 400 4 D Neutral/ Equal Equilibrium (0) 600 600 3 C Upward Shortage (-400) 400 800 2 B Upward Shortage (-800) 200 1000 1 A Pressure on Price State of Market Quantity Supplied Quantity Demanded Price (Php ‘000) Points
- E N D - ,[object Object],[object Object],[object Object],[object Object]

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Elements of Demand and Supply

  • 1. ELEMENTS OF DEMAND AND SUPPLY Prepared by: GREGAR DONAVEN E. VALDEHUEZA, MBA Lourdes College Instructor Chapter 3 ECONOMICS: its concepts and principles By: BKG Gabay RM Remotin, Jr. EAM Uy
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  • 6. Example of a Demand Schedule 200 5 400 4 600 3 800 2 1000 1 Quantity Demanded Price (Php ‘000)
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  • 8. Example of a Demand Curve
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  • 16. Example of a Supply Schedule 1000 5 800 4 600 3 400 2 200 1 Quantity Supplied Price (Php ‘000)
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  • 18. Example of a Supply Curve
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  • 23. Demand and Supply Schedules Downward Surplus (800) 1000 200 5 E Downward Surplus (400) 800 400 4 D Neutral/ Equal Equilibrium (0) 600 600 3 C Upward Shortage (-400) 400 800 2 B Upward Shortage (-800) 200 1000 1 A Pressure on Price State of Market Quantity Supplied Quantity Demanded Price (Php ‘000) Points
  • 24.