1.The demand curve 2.The supply curve 3.Market equilibrium and disequilibrium 4.Comparative statics 5.Price floors 6.Price ceilings.
Chapter 6: Prices Section 1. Objectives 1.Explain how supply and demand create equilibrium in the marketplace. 2.Describe what happens to prices when.
Chapter 4 Part 2. Supply Quantity supplied – amount of a good that sellers are willing and able to sell Law of supply – the quantity supplied of a good.
M ARKET EQUILIBRIUM. Market equilibrium exists when quantity demanded (Qd) equals quantity supplied (Qs). It can be determined by the intersection between.
Chapter 2 Equilibrium P45-50 Chapter 2 Equilibrium P45-50.
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.
