Lecture 4 Notes

Lecture 4 Notes - Lecture 4 Notes The Ma rket Where Demand...

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Unformatted text preview: Lecture 4 Notes The Ma rket Where Demand and Supply I n teract Demand and Supply: T r iangle + and T r iangle Equilib rium: Is Everybody Happy Now? Econ/B School Synonym = "Clear" Such as, "The market clears at $15.00 Surplus and Shortage: M a rket's Reaction Auctions: Audible Equilib ria English vs. Dutch Auctions ...
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This note was uploaded on 04/19/2008 for the course ECON 201 taught by Professor Williams during the Fall '08 term at UVA.

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