Slide 1AP Macroeconomics Demand and Supply Slide 2 Price and Quantity Price – the amount of money paid for an economic good/service – Ex. A gallon of gasoline has a price…
1.Chapter 4: The Market Forces of Supply and Demand2. Markets and Competition Market A group of buyers and sellers of a particular good or service Buyers Determine the demand…
Slide 1 Demand Slide 2 Terms to know: The law of demand 1 Demand function 2 Demand schedule 3 Diagramatical representation 4 Elasticity of demand 7 Changes in Demand 6 Slide…
FUNDEMENTALS OF MICROECONOMICS FUNDEMENTALS OF ECONOMICS By A A D Thilini SaparaMadu A A D Thilini Saparamadu 2 IS 1007: Fundamentals of Economics Bachelor of in Information…
Demand Curve Demand Curve Graph Factors Of Demand Price Income Price of other goods Tastes and preferences Popularity Advertising Expectations of the future Population Interest…