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Unformatted text preview: fininte level HOW MANY The quantity where supply and demands intersect (1,000) FOR WHO All those people whos little demand curves make up the market demand curve above .80 cents (intersection point) o Increase in demand will increase market price and increase quantity o Decrease in input cost increase in supply o Intersection of the demand curve and supply curve – EQUILLIBRIUM – [equal and balance] when there is no longer any forces acting on it to change. o It is ALWAYS the quantity sold is the quantity bought. Demand and supply determines labor services as well 15:01 15:01...
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- Fall '07
- Supply And Demand, market demand curve, little demand curves