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 1Chapter 13 Pricing concepts Slide 2 Learning objectives 1Discuss the importance of pricing decisions to the economy and to the individual organisation 2List and explain…

Slide 1Elasticity 04 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Slide 2 Price Elasticity of Demand Measures buyers responsiveness…

Slide 1Pricing Concepts Setting the Right Price Slide 2 The Importance of Price To the consumer... Price is the cost of something In the broadest sense, price allocates resources…

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 Elasticity 04 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Slide 2 Price Elasticity of Demand Measures buyers’ responsiveness…

Responding to Price Changes (Elasticity of Demand & Supply) Responding to Price Changes (Elasticity of Demand & Supply) Lesson 2.5 The Law of Demand The quantity…

Slide 1 Chapters 4, 5 & 6 Slide 2  Demand – the desire to own something and the ability to pay for it.  Law of Demand – consumers will buy more of a good when…