Slide 1 Slide 2 Supply and Demand Slide 3 Table of Contents The Basics The Law of Demand The Law of Supply Equilibrium Price and Quantity Equilibrium and Disequilibrium (2…
Slide 1You will… – Understand how to graph supply, demand, and find equilibrium prices and quantities – Understand what a market is and how buyers and sellers interact…
Slide 1Demand Analysis and Strategy Paul C. Godfrey Mark H. Hansen Marriott School of Management Slide 2 What strategists need to know: What determines demand? How sensitive…
Slide 1 Skills for the 21st Century in LCR May, 2011 BANK TEAM: CRISTIAN AEDO, IAN WALKER, PABLO ACOSTA, ANA MARIA OVIEDO, JAVIER LUQUE CONSULTANTS: TIM GINDLING, GUILLERMO…
Slide 1 Slide 2 Demand and Supply Markets are the institutions that bring together buyers and sellers. –Examples include: farmer’s markets, eBay, Amazon.com, and retail…
Income, employment and prices Learning outcomes By studying this section students will be able to: distinguish between microeconomics and macroeconomics measure the total…
Introduction to Supply and Demand S. Folland The Law of Demand: When price falls, and if everything else stays the same, then the quantity demanded will increase. In latin,…