chapter 4 all

chapter 4 all - Chapter4 SupplyandDemand Is this a...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Supply and Demand Is this a realistic assumption?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Demand (of goods and services) Who is demanding the good? How does demand differ from a want? Quantity Demand: QD The amount people are willing to buy at a specific price Ceteris Paribus .(_____________________________________ ) Demand Schedule: Shows QD at different prices. Price Quantity Demanded Law of Demand: As price falls Quantity Demanded_______. Price and QD are ______________ related. Demand curve : shows the graphical relationship between price(P) and quantity demanded (QD).
Background image of page 2
Real World Examples Investors Snapping Up Downtown Miami Condos Are the good 'old days of real estate back? It appears so in Downtown Miami. In recent weeks developers have sold hundreds of condos, in a flurry of activity they haven't seen since the peak of the housing market. Some builders are actually running out of inventory. The first building to sell out, Brickell on the River, happened quietly and quickly selling 120 units in just six weeks time. "It's pretty impressive when you walk into a sales office and you have 20-30 people waiting to see units. Sounds crazy but it's actually happening now," said Andres Asion of Miami Real Estate Group. Before Asion could deposit the checks, he had sold out the entire building; something developers in this area have not been able to do for the past
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 26

chapter 4 all - Chapter4 SupplyandDemand Is this a...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online