Documents Putting Supply & Demand Together ECO 284 - Foster Price Controls Distortions to the Supply & Demand....

Slide 1Putting Supply & Demand Together ECO 284 - Foster Price Controls Distortions to the Supply & Demand Model: Price Controls Slide 2 Putting Supply & Demand…

Business July03

1. Outline for Thurs, July 3 Remember Quiz on Friday Homework due Monday Review from WednesdayReview from Wednesday The Supply & Demand Model Using the graph Assumptions…

Documents Economic efficiency Who gains and who loses when prices change?

Slide 1 Economic efficiency Who gains and who loses when prices change? 1 1 The Efficiency of Competitive Markets Economic efficiency A market outcome in which the marginal…