1 / 3

DEMAND & SUPPLY ONQ

DEMAND & SUPPLY ONQ. 10 QUESTIONS DID THE Jo’s GET THEIR NOTES???. DEFINE MICROECONOMICS . THIS IS A GRAPH SHOWING QUANTITY DEMANDED AT EACH PRICE IN THE MARKET. WHEN PRICE GOES DOWN , QUANTITY DEMANDED GOES UP. THIS ILLUSTRATES:

lani
Télécharger la présentation

DEMAND & SUPPLY ONQ

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DEMAND & SUPPLY ONQ • 10 QUESTIONS • DID THE Jo’s GET THEIR NOTES???

  2. DEFINE MICROECONOMICS. • THIS IS A GRAPH SHOWING QUANTITY DEMANDED AT EACH PRICE IN THE MARKET. • WHEN PRICE GOES DOWN, QUANTITY DEMANDED GOES UP. THIS ILLUSTRATES: • A MARKET DEMAND CURVE SHOWS THE QUANTITY DEMANDED OF ___________. • A CURVE CAN ONLY SHIFT IN WHICH DIRECTIONS?

  3. 6. ELASTICITY MEANS…... 7. IF THE PRICE OF A GOOD RISES AND YOU STILL BUY IT WHAT KIND OF DEMAND DO YOU HAVE? 8. DEFINE TOTAL REVENUE. 9. HOW DOES SHORT RUN EFFECT SUPPLY? 10. A demand curve is accurate only as long as the _____ _____assumption is true.

More Related