Recomendados
Mais conteúdo relacionado
Mais procurados
Mais procurados (20)
Destaque
Destaque (19)
Mais de Casey Robertson
Mais de Casey Robertson (20)
Supply and Demand
- 1. Supply and Demand
- 2. Price Amount at which a good/service will be sold in a market
- 3. Supply How much of a good/service a producer is willing and able to produce at a given price -Seller’s Market
- 4. Supply Dollars $40.00 $30.00 $20.00 $10.00 100 200 300 400 500 Quantity
- 5. Demand An individual’s need/want for a good/service at a given price -Buyer’s Market
- 6. Demand Dollars $40.00 $30.00 $20.00 $10.00 100 200 300 400 500 Quantity
- 7. Law of Demand As the price of a good/service decreases, the demand of that good/service will increase.
- 8. Law of Supply As the price of a good/service increase/decreases, the supply of that good/service will also increase/decrease.