SlideShare a Scribd company logo
Outline for Monday, July 7
 Remember
  Quiz on Friday
  Homework due Monday
 Review from Thursday
 Where do we get a demand curve?
 Application: oil speculators
 What causes shifts in curves?
Using the graph: summary
You should understand
  What do the demand and supply curves mean?
  What makes demand and supply shift or change?
  How do shifts change the equilibrium, where the
  curves intersect?
  What happens when we’re not at the equilibrium
  price? shortages and surpluses
  Remember that quantity responds to price:
    buyers choose how much to buy, not at what price to
    buy
    Sellers choose how much to sell, not at what price to sell
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07
July07

More Related Content

Similar to July07

July03
July03July03
July03
fperickson
 
SUPPLY AND DEMAND TRADING FOREX BOOK.pdf
SUPPLY AND DEMAND TRADING FOREX BOOK.pdfSUPPLY AND DEMAND TRADING FOREX BOOK.pdf
SUPPLY AND DEMAND TRADING FOREX BOOK.pdf
QuentinoKoffi
 
The Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdf
The Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdfThe Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdf
The Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdf
Sumni Uchiha
 
Mindfluential Trading (Session 1)....pdf
Mindfluential Trading (Session 1)....pdfMindfluential Trading (Session 1)....pdf
Mindfluential Trading (Session 1)....pdf
KanifDukarePatil
 
Learn A Simple Range Trading Strategy
Learn A Simple Range Trading StrategyLearn A Simple Range Trading Strategy
Learn A Simple Range Trading Strategy
NetpicksTrading
 
How To Trade Regular Divergence with MACD, RSI, Stochastics
How To Trade Regular Divergence with MACD, RSI, StochasticsHow To Trade Regular Divergence with MACD, RSI, Stochastics
How To Trade Regular Divergence with MACD, RSI, Stochastics
NetpicksTrading
 
Chap11
Chap11Chap11
Chap11
djohnston5
 
Hawking the Open interest
Hawking the Open interestHawking the Open interest
Hawking the Open interest
PRASHANT NATH , MBA, MBL
 
Nutshell: The Price Elasticity of Demand
Nutshell: The Price Elasticity of DemandNutshell: The Price Elasticity of Demand
Nutshell: The Price Elasticity of Demand
Frederik Sisa, PCM
 
CONCEPT OF ELASTICITY DEMAND.pptx
CONCEPT OF ELASTICITY DEMAND.pptxCONCEPT OF ELASTICITY DEMAND.pptx
CONCEPT OF ELASTICITY DEMAND.pptx
AdityaKrishnaGupta
 
Demand Elasticity and Market Mechanism in Managerial Economics
Demand Elasticity and Market Mechanism in Managerial EconomicsDemand Elasticity and Market Mechanism in Managerial Economics
Demand Elasticity and Market Mechanism in Managerial Economics
Venkata Rao nadipeli
 
Theory of demand
Theory of demandTheory of demand
Theory of demand
economicsharbour
 
Theory of demand
Theory of demand Theory of demand
Theory of demand
Nothando Magagula
 
Price Elasticity of Demand
Price Elasticity of DemandPrice Elasticity of Demand
Price Elasticity of Demand
Sue Quirante
 
Unit 2 supply and demand f 2019
Unit 2  supply and demand f 2019Unit 2  supply and demand f 2019
Unit 2 supply and demand f 2019
AngelaWard43
 
Economic Reasoning, Lecture 2 with David Gordon - Mises Academy
Economic Reasoning, Lecture 2 with David Gordon - Mises AcademyEconomic Reasoning, Lecture 2 with David Gordon - Mises Academy
Economic Reasoning, Lecture 2 with David Gordon - Mises Academy
The Ludwig von Mises Institute
 
Shift in demand
Shift in demandShift in demand
Shift in demand
Malini Singh
 
IIIE SECTION A ECONOMICS NOTES Economics question papers
IIIE SECTION A ECONOMICS NOTES  Economics question papersIIIE SECTION A ECONOMICS NOTES  Economics question papers
IIIE SECTION A ECONOMICS NOTES Economics question papers
Bhaskar Nagarajan
 
Position Management for Roasters
Position Management for RoastersPosition Management for Roasters
Position Management for Roasters
djoelson
 
SUPPLY
SUPPLYSUPPLY

Similar to July07 (20)

July03
July03July03
July03
 
SUPPLY AND DEMAND TRADING FOREX BOOK.pdf
SUPPLY AND DEMAND TRADING FOREX BOOK.pdfSUPPLY AND DEMAND TRADING FOREX BOOK.pdf
SUPPLY AND DEMAND TRADING FOREX BOOK.pdf
 
The Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdf
The Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdfThe Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdf
The Ultimate Price Action Trading Guide - Atanas Matov_010821220629.pdf
 
Mindfluential Trading (Session 1)....pdf
Mindfluential Trading (Session 1)....pdfMindfluential Trading (Session 1)....pdf
Mindfluential Trading (Session 1)....pdf
 
Learn A Simple Range Trading Strategy
Learn A Simple Range Trading StrategyLearn A Simple Range Trading Strategy
Learn A Simple Range Trading Strategy
 
How To Trade Regular Divergence with MACD, RSI, Stochastics
How To Trade Regular Divergence with MACD, RSI, StochasticsHow To Trade Regular Divergence with MACD, RSI, Stochastics
How To Trade Regular Divergence with MACD, RSI, Stochastics
 
Chap11
Chap11Chap11
Chap11
 
Hawking the Open interest
Hawking the Open interestHawking the Open interest
Hawking the Open interest
 
Nutshell: The Price Elasticity of Demand
Nutshell: The Price Elasticity of DemandNutshell: The Price Elasticity of Demand
Nutshell: The Price Elasticity of Demand
 
CONCEPT OF ELASTICITY DEMAND.pptx
CONCEPT OF ELASTICITY DEMAND.pptxCONCEPT OF ELASTICITY DEMAND.pptx
CONCEPT OF ELASTICITY DEMAND.pptx
 
Demand Elasticity and Market Mechanism in Managerial Economics
Demand Elasticity and Market Mechanism in Managerial EconomicsDemand Elasticity and Market Mechanism in Managerial Economics
Demand Elasticity and Market Mechanism in Managerial Economics
 
Theory of demand
Theory of demandTheory of demand
Theory of demand
 
Theory of demand
Theory of demand Theory of demand
Theory of demand
 
Price Elasticity of Demand
Price Elasticity of DemandPrice Elasticity of Demand
Price Elasticity of Demand
 
Unit 2 supply and demand f 2019
Unit 2  supply and demand f 2019Unit 2  supply and demand f 2019
Unit 2 supply and demand f 2019
 
Economic Reasoning, Lecture 2 with David Gordon - Mises Academy
Economic Reasoning, Lecture 2 with David Gordon - Mises AcademyEconomic Reasoning, Lecture 2 with David Gordon - Mises Academy
Economic Reasoning, Lecture 2 with David Gordon - Mises Academy
 
Shift in demand
Shift in demandShift in demand
Shift in demand
 
IIIE SECTION A ECONOMICS NOTES Economics question papers
IIIE SECTION A ECONOMICS NOTES  Economics question papersIIIE SECTION A ECONOMICS NOTES  Economics question papers
IIIE SECTION A ECONOMICS NOTES Economics question papers
 
Position Management for Roasters
Position Management for RoastersPosition Management for Roasters
Position Management for Roasters
 
SUPPLY
SUPPLYSUPPLY
SUPPLY
 

More from fperickson

aug13
aug13aug13
aug13
fperickson
 
aug11
aug11aug11
aug11
fperickson
 
aug5
aug5aug5
aug4
aug4aug4
aug1
aug1aug1
july31
july31july31
july31
fperickson
 
july30
july30july30
july30
fperickson
 
July28
July28July28
July28
fperickson
 
July23
July23July23
July23
fperickson
 
July25
July25July25
July25
fperickson
 
July24
July24July24
July24
fperickson
 
July22
July22July22
July22
fperickson
 
July18
July18July18
July18
fperickson
 
July17
July17July17
July17
fperickson
 
July16
July16July16
July16
fperickson
 
July15
July15July15
July15
fperickson
 
July11
July11July11
July11
fperickson
 
July09
July09July09
July09
fperickson
 
July08
July08July08
July08
fperickson
 
July02
July02July02
July02
fperickson
 

More from fperickson (20)

aug13
aug13aug13
aug13
 
aug11
aug11aug11
aug11
 
aug5
aug5aug5
aug5
 
aug4
aug4aug4
aug4
 
aug1
aug1aug1
aug1
 
july31
july31july31
july31
 
july30
july30july30
july30
 
July28
July28July28
July28
 
July23
July23July23
July23
 
July25
July25July25
July25
 
July24
July24July24
July24
 
July22
July22July22
July22
 
July18
July18July18
July18
 
July17
July17July17
July17
 
July16
July16July16
July16
 
July15
July15July15
July15
 
July11
July11July11
July11
 
July09
July09July09
July09
 
July08
July08July08
July08
 
July02
July02July02
July02
 

Recently uploaded

一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431
ecamare2
 
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdfHOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
46adnanshahzad
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
ssuser567e2d
 
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
AnnySerafinaLove
 
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Neil Horowitz
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
CLIVE MINCHIN
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital ExcellenceDigital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
Operational Excellence Consulting
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Lacey Max
 
Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for BuildingsStructural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
Chandresh Chudasama
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
CA Dr. Prithvi Ranjan Parhi
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
hartfordclub1
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 

Recently uploaded (20)

一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431
 
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdfHOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
 
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
 
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital ExcellenceDigital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
 
Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for BuildingsStructural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 

July07

  • 1. Outline for Monday, July 7 Remember Quiz on Friday Homework due Monday Review from Thursday Where do we get a demand curve? Application: oil speculators What causes shifts in curves?
  • 2. Using the graph: summary You should understand What do the demand and supply curves mean? What makes demand and supply shift or change? How do shifts change the equilibrium, where the curves intersect? What happens when we’re not at the equilibrium price? shortages and surpluses Remember that quantity responds to price: buyers choose how much to buy, not at what price to buy Sellers choose how much to sell, not at what price to sell