1 / 7

Demand and Supply Economics: Price-Quantity Relationship

Get a comprehensive understanding of demand and supply economics through a list of prices and quantities purchased or sold at those prices. Learn about quantity demanded and supplied, equations of demand and supply, and the law of demand.

nmary
Download Presentation

Demand and Supply Economics: Price-Quantity Relationship

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: a list of prices and the quantities that would be purchased at those prices, holding all other things constant.

  2. The demand is the entire curve.

  3. Quantity Demanded • quantity demanded: the quantity bought at a particular price. • It is a point on the demand curve.

  4. Equations • Equation of demand: q=f(p) • Inverse demand: p=f(q)

  5. law of demand A higher price never causes a greater quantity demanded as a substitute for other goods.

  6. Supply a list of prices and the quantities that would be sold or rented at those prices, holding all else constant.

  7. quantity supplied • the quantity sold or rented out at a particular price. • It is a point on the supply curve.

More Related