'Factors affecting elasticity' diaporamas de présentation

Demand

Section 4.1. Demand. Demand. Two requirements for demand the desire to own something, and the ability to pay for it An inverse relation of quantity demanded and price of a good . The Law of Demand. Consumers buy more if price decreases and less if price increases

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Today is your lucky day! You just won $1000!!! Write down at least 5 things that you will buy with your money.

WARM UP. Today is your lucky day! You just won $1000!!! Write down at least 5 things that you will buy with your money. ~WARM UP~. What does DEMAND mean?!?!!?. To have demand for a product you must be WILLING and ABLE to purchase the product WILLING + ABLE = DEMAND . LAW OF DEMAND.

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Chapter Four

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Supply, Demand, & Price Setting

Supply, Demand, & Price Setting. http:// www.youtube.com/watch?v=1mo_D8qRjTU Price Setting Exercise:

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Chapter 4 Section 3 Elasticity of Demand

Chapter 4 Section 3 Elasticity of Demand. Intro Question -. What are some products in the world that humanity absolutely NEEDS to survive?. What Is Elasticity of Demand?. Elasticity of demand is a measure of how consumers react to a change in price.

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