Demand, Supply, and Market Equilibrium

The Basic Decision-Making Units ,[object Object],[object Object],[object Object]

The Circular Flow of Economic Activity ,[object Object]

Input Markets and Output Markets ,[object Object],[object Object],[object Object]

Input Markets ,[object Object],[object Object],[object Object],[object Object]

Determinants of Household Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],A household’s decision about the quantity of a particular output to demand depends on:

Quantity Demanded ,[object Object]

Demand in Output Markets ,[object Object],[object Object]

The Demand Curve ,[object Object]

The Law of Demand ,[object Object],[object Object]

Other Properties of Demand Curves ,[object Object],[object Object]

Income and Wealth ,[object Object],[object Object]

Related Goods and Services ,[object Object],[object Object]

Shift of Demand Versus Movement Along a Demand Curve ,[object Object],[object Object],[object Object]

A Change in Demand Versus a Change in Quantity Demanded ,[object Object]

A Change in Demand Versus a Change in Quantity Demanded To summarize : 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 ).

The Impact of a Change in Income ,[object Object],[object Object]

The Impact of a Change in the Price of Related Goods ,[object Object],[object Object],[object Object],[object Object]

From Household to Market Demand ,[object Object],[object Object]

From Household Demand to Market Demand ,[object Object]

Supply in Output Markets ,[object Object],[object Object]

The Supply Curve and the Supply Schedule ,[object Object]

The Law of Supply ,[object Object],[object Object]

Determinants of Supply ,[object Object],[object Object],[object Object],[object Object],[object Object]

A Change in Supply Versus a Change in Quantity Supplied ,[object Object],[object Object],[object Object]

A Change in Supply Versus a Change in Quantity Supplied ,[object Object]

A Change in Supply Versus a Change in Quantity Supplied To summarize : 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 ).

From Individual Supply to Market Supply ,[object Object],[object Object]

Market Supply ,[object Object]

Market Equilibrium ,[object Object],[object Object],[object Object]

Market Equilibrium ,[object Object],[object Object]

Market Disequilibria ,[object Object],[object Object]

Increases in Demand and Supply ,[object Object],[object Object]

Decreases in Demand and Supply ,[object Object],[object Object]

Relative Magnitudes of Change ,[object Object]

Demand, Supply, and Market Equilibrium

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (20)

Similar to Demand, Supply, and Market Equilibrium

Similar to Demand, Supply, and Market Equilibrium (20)

More from Noel Buensuceso

More from Noel Buensuceso (20)

Recently uploaded

Recently uploaded (20)

Demand, Supply, and Market Equilibrium