Slide 13.02Interpret the theory of supply and demand Slide 2 Supply vs. Demand Supply- the amount Producers are willing and able to produce and sell. Supply- the amount Producers…

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 1Today is your lucky day! You just won $1000!!! Write down at least 5 things that you will buy with your money. ~WARM UP~ WARM UP Slide 2 What does DEMAND mean?!?!!?…

Slide 1123 Go To Section: LAW OF DEMAND Price Demand As the price of a product increases, consumers buy less of a product ~~~~~~~~~~~~~~~~~ As the price of a product decreases,…

Slide 13 CHAPTER D YNAMIC P OWER P OINT S LIDES BY S OLINA L INDAHL 1 Supply and Demand C OPYRIGHT 2012 W ORTH P UBLISHERS Slide 2 CHAPTER OUTLINE 2 Demand curve Quantity…

1. Chapter 4 Section Main Menu Understanding Demand • What is the law of demand? • How do the substitution effect and income effect influence decisions? • What is a…

1. Basic Analysis of Demand and Supply 2. Market Where buyers and sellers meet Where transactions take place 3. Where do transactions take place? 4. Basic Analysis of Demand…

Slide 1 Slide 2 Chapter 2 Demand p36-41 Chapter 2 Demand p36-41 Slide 3 DEMAND The relationship between demand and priceThe relationship between demand and price –the law…

Slide 1 Slide 2  Demand- the desire to own something AND the ability to pay for it.  The Law of Demand PRICE GOES UP DEMAND GOES DOWN AND…. As price goes down, you…