SUPPLY - SUPPLY DEMAND AND MARKET PRICE I MARKET 1 Market model Consumer has shopping demand goods and services concretely The business companies supply


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SUPPLY, DEMAND AND MARKET PRICE I. MARKET 1. Market model Consumer has shopping demand goods and services concretely. The business companies supply those by product what consumer want. The quantity what all consumers want to buy and have ability to buy in many different, making the market demand. Combining between demand and supply forms a market model 2. Market models Base on competitiveness, we can divide market into four kinds: Perfect competition market Monopolistic competition market Oligopoly Monopoly Supply and demand are researched in perfect competition market. The perfect competition rarely exists in reality. But this one is helpful it likes a standard to compare situations and results in reality. It has four particularities: Firstly, it should have many buyers and dealers. They want to find their profit. The amount of buying and selling hold a small density
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