Slide 1Spatial modeling in transportation (lock improvements and sequential congestion) Simon P. Anderson University of Virginia and Wesley W. Wilson University of Oregon…
Slide 17-1: WHAT IS PERFECT COMPETITION? Slide 2 Competition Economists classify markets based on how competitive they are Market structure: Describes the level of competition…
Slide 1When might markets be self- converging? A local, quickly convergent tatonnement algorithm Richard Cole (joint work with Lisa Fleischer) Slide 2 ... it seems likely…
Slide 1Ceilings and Floors Slide 2 The Role of Prices Convey information –When Tickle Me Elmos went up in price form about $30 to $300, it told us something about the popularity…
Slide 1ECONOMICS: 9 Weeks Test Review SUPPLY & DEMAND COMPARATIVE ADVANTAGE BASICS Slide 2 1. What is the difference between demand and quantity demanded? a. They are…
Slide 1What do you think?: Should we increase minimum wage? CIE3M Price Controls Slide 2 What are they? Government policies that attempt to hold the price of certain goods/services…
Slide 1Equilibrium: Again Buyers can buy all they want and sellers can sell all they want at the equilibrium price Slide 2 Price per Bottle Bottles per week 0 S D California…
Slide 1Managerial Economics & Business Strategy Chapter 2 Market Forces: Demand and Supply Slide 2 Market Equilibrium Balancing supply and demand n Q x S = Q x d Interaction…