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Unformatted text preview: in a ceteris paribus condition is referred to as an increase in supply. A change in quantity supplied is due to a change in price. Market Equilibrium A point at which quantity demanded by consumers is equal to quantity supplied by producers. The price at which this occurs is the equilibrium price, or market-clearing price....
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This note was uploaded on 01/13/2012 for the course ECON 2306 taught by Professor Kamara during the Spring '11 term at University of Texas.
- Spring '11