Slide 1ECON 351 Elasticity of Demand & Supply Week 4.1 September 17, 2013 Slide 2 Review Markets are the interaction of buyers and sellers. Focus on buyers and sellers…

Slide 1ECON 308 Week 3 September 14, 2012 Chapter 4 Slide 2 Review Markets are the interaction of buyers and sellers. Focus on buyers and sellers separately. Ceteris paribus:…

Slide 1Chapter 6: Elasticity Slide 2 Elasticity A measure of the responsiveness of one variable (usually quantity demanded or supplied) to a change in another variable Most…

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 1MID Year Graphs You should know and be able to draw, explain and label all parts. Slide 2 Basic S&D ideas Price Quantity Demand Slide 3 Basic S&D ideas Price…

Slide 1ECON 308 Week 5.R1 February 22-24, 2011 Chapter 4 Slide 2 Review Markets are the interaction of buyers and sellers. Focus on buyers and sellers separately. Ceteris…

Slide 1Nancy Folbre Political Economy Research Institute University of Massachusetts Amherst [email protected] Inequality and the Care Penalty Slide 2 Theory: Why a…

Slide 1 Elasticity of Supply Slide 2 Changes in the price offered by the market will affect the amount of goods produced by businesses Changes in the price offered by the…