Chapter 4 Notes

Chapter 4 Notes - Chapter 4 2/25/08 - Law of supply and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 2/25/08 - Law of supply and demand The claim that the price of any good adjusts to bring the quantity supplied and quantity demanded for that good into balance. - Three steps to analyzing changes in Equilibrium Decide whether even shifts supply or demand curve Decide in which direction curve shifts
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online