Documents THE MARKET FORCES OF DEMAND AND SUPPLY. Market is wherever buyers and sellers exchange goods and...

Slide 1 THE MARKET FORCES OF DEMAND AND SUPPLY Slide 2 Market is wherever buyers and sellers exchange goods and services, mostly for money. Wherever an economic transaction…

Documents CHAPTER 3 Demand, supply and the market ©McGraw-Hill Education, 2014.

Market: a set of arrangements by which buyers and sellers are in contact to exchange goods or services Demand: the quantity of a good buyers wish to purchase at each conceivable…