chapter three: supply and demand. the theory of supply
Post on 13-Jan-2016
219 Views
Preview:
TRANSCRIPT
Chapter Three:
Supply and Demand
The Theory of Supply
Table 3.1: Supply Schedule for Cups of Coffee
Figure 3.1: Supply Curve for Cups of Coffee
Figure 3.2: An Increase in Supply
Figure 3.3: A Decrease in Supply
The Theory of Demand
Table 3.2: Demand Schedule for Cups of Coffee
Figure 3.4: Demand Curve for Cups of Coffee
Figure 3.5: An Increase in Demand
Figure 3.6: A Decrease in Demand
The Theory of Market Adjustment
Figure 3.7: The Market Adjustment Process
Figure 3.8: Market Equilibrium
Figure 3.9: Market Adjustment to an Increase in Supply
Figure 3.10: Market Adjustment to an Increase in Demand
Table 3.3: Summary of the Market Effects of Shifts in Supply and Demand
Figure 3.11: Market Adjustment with an Increase in Both Supply and Demand
Table 3.4: Summary of the Market Effects When Both Supply and Demand Shift
top related