1. Economic Challenges Facing Contemporary Business Chapter 3 2. Discuss microeconomics and explain the forces of demand and supply. Describe macroeconomics and the issues…

Slide 14 SUPPLY AND DEMAND I: HOW MARKETS WORK Slide 2 4 The Market Forces of Supply and Demand Slide 3 Supply and demand are the two words that economists use most often.…

Slide 1Demand and Supply CHAPTER 3 Slide 2 After studying this chapter you will be able to Describe a competitive market and think about a price as an opportunity cost Explain…

Slide 1 Slide 2 Activator - Ch. 4 Sec 1 Three people enter a Mazda dealership all interested in buying a brand new car. All three initially stop to look at the Mazda RX8.…

1.Copyright © 2004 South-Western The Market Forces of Supply and Demand 2. Copyright © 2004 South-Western • Supply and demand are the two words that economists use most…

Slide 1 1 1 & 3. Business and the Economy Understanding Business and the Context in Which it Operates Slide 2 2 Why Study Business? To become a better-informed consumer…

Slide 1 2 SUPPLY AND DEMAND I: HOW MARKETS WORK Slide 2 Copyright © 2006 Thomson Learning 4 The Market Forces of Supply and Demand Slide 3 Copyright © 2006 Thomson Learning…

Slide 1 Copyright © 2004 South-Western 4 The Market Forces of Supply and Demand Slide 2 Copyright © 2004 South-Western DEMAND Quantity demanded is the amount of a good…

Slide 1 Slide 2 3 CHAPTER Demand and Supply Slide 3 © Pearson Education 2012 After studying this chapter you will be able to:  Describe a competitive market and think…

Slide 1PART 2 SUPPLY AND DEMAND I: HOW MARKETS WORK Slide 2 Copyright © 2006 Nelson, a division of Thomson Canada Ltd. 4 The Market Forces of Supply and Demand Slide 3 Copyright…