1. Chapter 3Demand and Supply Analysis 2. Demand Need to satisfy human wants Willingness to buy a particular commodity backed by purchasing power. Amount of…
Slide 1 Slide 2 The Interaction of Demand and Supply Market equilibrium – a situation in which the quantity demanded of a good or service at a particular price is equal…
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…
1.PRICING How microeconomics affect it. 2. Introduction Microeconomics is a field of economic study that focuses on how an individual's behaviour and decisions affect…
Slide 1Chapter 4 Part 2 Slide 2 Supply Quantity supplied – amount of a good that sellers are willing and able to sell Law of supply – the quantity supplied of a good…
Slide 1 Slide 2 Slide 3 JEOPARDY RULES You will be divided into three teams. Each member of the team will take turns giving the solution. Once your host finishes reading…
Slide 1 SHIFTS IN DEMAND Mr. Barnett University High 2012-2013 AP Microeconomics Slide 2 Demand – schedule of quantities of goods or services that will be purchased…
P. 102 15 â 60 5ths APPLY LINEAR FUNCTIONS X-axis time since purchase Y-axis value Use two intercepts (0, initial value) and (time until value is zero, 0) to form line A…
Ch. 6: Demand, Supply and Prices Ch. 6: Demand, Supply and Prices The Interaction of Demand and Supply Market equilibrium â a situation in which the quantity demanded of…