Slide 1 Slide 2 Slide 3 What you will learn... Total revenue and profit Elasticity and change in total revenue Take this challenge Slide 4 Total revenue refers to the sellers…
Slide 1Questions on Demand, Supply, Price Slide 2 What is the law of demand states Slide 3 As price goes up, demand goes down and as price goes down, demand goes up. This…
Slide 1Supply and Demand The model that illustrates how a competitive markets works Slide 2 Basic Concepts Quantity demanded- the amount of a good or service consumer are…
Slide 1Markets Chapter 3-5 Slide 2 What is a market? markets are places where 1 or more buyers and 1 or more sellers come together ex: swap meet, stock market, grocery store,…
Slide 1ISS Unit 6 2013 Slide 2 Using a Venn Diagram, compare and contrast Private and Public goods. Slide 3 I can explain and give examples of how numerous factors influence…
1.By: Ulysses Maniago2. ◦ As the price of a good decreases (increases), more (less) of it will be purchased That is, the demand curve is downward sloping◦ There are…
1.WORKSHOP BASIC ECONOMICS 2. MODULE OUTCOMES Introduction to Economics Supply and demand Short term versus long term Markets in action Microeconomics & macroeconomics…
1. QUIZUNIT 2Presented by:Vibhor Agarwal 2. Q1. Father of Economics ?a. Alfred Marshallb. Adam smithc. Prof. Samuelssond. Prof. kines 3. Q2. Nature Of Economics ?a. Artb.…