Supply
Lecture 3
Supply and Demand Pricing and Market Equilibrium © 2002 by Nelson, a division of Thomson Canada Limited.
Copyright © 2004 South-Western SUPPLY Quantity supplied is the amount of a good that sellers are willing and able to sell. Law of Supply The law of supply.
CASE STUDY Two ways to reduce the quantity of smoking demanded: -- Public service announcements, mandatory health warnings on cigarette packages, and the.
ECON 114 Important Notes and Review W2013-14 Term 2.
4 The Market Forces of Supply and Demand. MARKETS AND COMPETITION Buyers determine demand. Sellers determine supply.
Ch. 6 -Market Equilibrium. Agenda- 11/10 1. Finish Ch. 6 Lecture (RS) 2. Ch. 6 Book Assignment (LS) 3. HW: Test and Notebooks Friday.
Chapter 4: Market Equilibrium Demand & Supply Together.
