Slide 1Chapter 5 SUPPLY http://www.youtube.com/watch?v=R6ojYtKazgQ Slide 2 Supply Supply – the amount of goods available Law of Supply – the higher the price, the larger…

Slide 1C HAPTER 5: S UPPLY Get Books/Workbooks/Notes Ready Fill out pg. 41 as Warm-up for Supply Copy down Chart on pg. 109 Slide 2 C HAPTER 5 S ECTION 1 “How do suppliers…

Slide 1 1 Elasticity of Demand and Supply Chapter 5 © 2006 Thomson/South-Western Slide 2 2 Price Elasticity of Demand  Price elasticity of demand measures how responsive…

Elasticity of Demand and Supply CHAPTER 5 © 2003 South-Western/Thomson Learning Price Elasticity of Demand Thus far we have talked about the impact of changes in prices,…

Elasticity of Demand and Supply CHERYL CARLETON ASHER Villanova University Chapter 5 © 2006 Thomson/South-Western ELASTICITY We know that various factors cause the Demand…