CH3_new - C HAPTER Market Transactions Basic Supply and...

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C HAPTER Market Transactions: Basic Supply and Demand Analysis how free and competitive markets work to establish equilibrium prices and quantities sold dotlearn.com © 2002, .learn, Inc.
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An Increase in Demand Initial Demand Supply Price Quantity 0 E 1 P 1 Q 1 dotlearn.com © 2002, .learn, Inc.
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An Increase in Demand Initial demand Supply New demand Price Quantity 0 E 1 E 2 Q 1 Q 2 Q’ P 1 P 2 dotlearn.com © 2002, .learn, Inc.
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An Increase in Demand Initial demand Supply New demand Price Quantity 0 E 1 E 2 Q 1 Q 2 Q’ P 1 P 2 dotlearn.com © 2002, .learn, Inc. Increase in Demand
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An Increase in Demand Initial demand Supply New demand Price Quantity 0 E 2 Q 1 Q 2 Q’ Increase in Demand Increase in Price P 1 P 2 E 1 dotlearn.com © 2002, .learn, Inc.
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An Increase in Demand Initial demand Supply New demand Price Quantity 0 E 1 E 2 Q 1 Q 2 Q’ Increase in Demand Increase in Price Increase in Quantity Supplied P 1 P 2 dotlearn.com © 2002, .learn, Inc.
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A Decrease in Demand Initial demand Supply New demand Price Quantity 0 E 1 E 2 Q 1 Q 2 P 1 P 2 dotlearn.com © 2002, .learn, Inc.
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An Increase in Supply Demand Initial supply Price Quantity 0 E 1 P 1 Q 1 dotlearn.com © 2002, .learn, Inc.
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CH3_new - C HAPTER Market Transactions Basic Supply and...

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