1.   2. Where Did It Happen? The Sichuan Earthquake occurred in China on May the 12 th2008. The epicentre was in Wenchuan county, approximately 50 miles from Chengdu, in…

1.   2. Where Did It Happen? The Sichuan Earthquake occurred in China on May the 12 th2008. The epicentre was in Wenchuan county, approximately 50 miles from Chengdu, in…

Slide 1100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 300 400 500 200 Basic Economic Concepts Supply and Demand Economic…

Slide 1Food Scares, Market Power and Relative Price Adjustment in the UK Tim Lloyd, Steve McCorriston, Wyn Morgan & Tony Rayner 88th Seminar of the European Association…

Slide 1 Chapter 2 Supply and Demand Talk is cheap because supply exceeds demand. Slide 2 Copyright ©2014 Pearson Education, Inc. All rights reserved.2-2 Chapter 2 Outline…

Slide 1 Chapter 3 Applying the Supply-and- Demand Model Slide 2 Copyright © 2012 Pearson Education. All rights reserved. 3 - 2 Topic How the shapes of demand and supply…

Slide 1 Chapter Two Supply and Demand Slide 2 © 2007 Pearson Addison-Wesley. All rights reserved.2–2 Supply and Demand In this chapter, we examine six main topics. –Demand…

Slide 1 Schedule of Classes September, 3 September, 10 September, 17 – in-class#1 September, 19 – in-class#2 September, 24 – in-class#3 (open books) September, 25,…

Slide 1 Markets: Demand & Supply Problems Dr. Dennis Foster Slide 2 #1. In the market for oranges, what will happen if there is great weather in Florida and California?…

Elasticity Reading: 2.4-2.5, 4.3 Supply-Demand model can predict the direction of changes in P & Q. It can also predict the degree of change in P & Q. Income up →…