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  • EoM2 DemandSupply by Kuldeep

    Diunggah oleh

    kuldeep ghanghas
    32 tayangan21 halaman
    Demand curve slopes downward, demonstrating that consumers are willing to buy more at a lower price as the product becomes relatively cheaper. Supply curve slopes upward, showing that at higher prices firms will increase output. Price ceilings and price floor rice can be charged on a product. For a price ceiling to be e a price can be charged for a product.

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    EoM2 DemandSupply by kuldeep

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    Demand curve slopes downward, demonstrating that consumers are willing to buy more at a lower price as the product becomes relatively cheaper. Supply curve slopes upward, showing that at higher prices firms will increase output. Price ceilings and price floor rice can be charged on a product. For a price ceiling to be e a price can be charged for a product.

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    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    32 tayangan21 halaman

    EoM2 DemandSupply by Kuldeep

    Diunggah oleh

    kuldeep ghanghas
    Demand curve slopes downward, demonstrating that consumers are willing to buy more at a lower price as the product becomes relatively cheaper. Supply curve slopes upward, showing that at higher prices firms will increase output. Price ceilings and price floor rice can be charged on a product. For a price ceiling to be e a price can be charged for a product.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 21

    Demand / Supply Analysis

    S&N, Ch3.
    Mw, Ch. 4, 6
    Sr, pp. 77-84, Ch,
    5
    Markets and Competition
    Demand
    The Demand Curve

    Price The demand curve slopes


    downward, demonstrating
    that consumers are willing
    to buy more at a lower price
    as the product becomes
    relatively cheaper.

    P2

    P1

    Q2 Q1 Quantity
    Factors affecting demand
    The Demand Curve
    A Change in Demand Versus a Change in
    Quantity Demanded
    Change in price of a good or service
    leads to

    Change in quantity demanded


    (Movement along the curve).

    Change in income, preferences, or


    prices of other goods or services
    leads to

    Change in demand
    (Shift of curve).
    Demand for ice cream

    Pr
     ic Ice cream demand curve shifts
    e to the right as the temperature
    rises

     T = 30°C

    T = 25°C T = 28°C

    Quantity
    Supply
    SUPPLY
    The Supply Curve

    Price S

    P2
    The supply curve slopes
    upward, demonstrating that
    P1
    at higher prices firms
    will increase output

    Q1 Q2 Quantity
    Factors affecting supply
    A Change in Supply Versus
    a Change in Quantity Supplied
    Change in price of a good or service
    leads to

    Change in quantity supplied


    (Movement along the curve).

    Change in costs, input prices, technology, or prices of related goods and


    services
    leads to

    Change in supply
    (Shift of curve).
    Equilibrium of supply and demand

    Pric

     Supply
    e

    Surplus
     P2

    PE Equilibrium
     point

    P1
    Shortage Demand

    QE Quantity
    Equilibrium of supply and demand
    Equilibrium of supply and demand
    The Market Equilibrium

    Equilibrium
    Condition

    17
    Price ceilings and price floor

    rice can be charged on a product. For a price ceiling to be e

    a price can be charged for a product. In order for a price fl


    Price ceilings

    P

    D
     S
    Surplus Price Floor
    Pf


    Pe E


    Pc Price ceiling
    Shortage

    Q
    Price ceilings
    Next week

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