B201 ppt lecture week 2 markets

B201 ppt lecture week 2 markets - Markets Supply Demand...

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Markets: Supply & Demand Interaction
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Demand Demand Price Quantity Increase Decrease
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Demand 1) Income 2) Tastes 3) Expectations 4) Number of consumers 5) Price of compliments and Substitutes
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Supply Supply Increase Decrease
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Supply 1)Cost of raw materials 2) Technology 3) Expectations 4) Number of producers
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Michael Phelps endorsing gatorade should have what effect on the market? A) Decreases demand because of number of consumers B) Increases demand because of expectation C) Increases supply because of expectation D) Decreases supply because of technology
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When the Dark Knight received great reviews, what happened to the market? A) Increases demand because of expectations B) increases supply because of expectations C) increases both supply and demand because of expectations D) none of the above
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P* Q* S D Price Quantity
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Suppose the Atlanta Falcons sign a very good running back (M. Turner) and the Falcons start winning games.
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This note was uploaded on 11/21/2011 for the course BUS 210 taught by Professor Sevier during the Fall '08 term at Emory.

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B201 ppt lecture week 2 markets - Markets Supply Demand...

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