Macroeconomics - Arnold - Chapter 3
Sale of Goods
Ch. 3: Supply and Demand: Theory Del Mar College John Daly ©2003 South-Western Publishing, A Division of Thomson Learning.
Economic Challenges facing Contemporary Business Chapter 3 Course: BUS 101 Lecturer: Aunima Nazmun Nahar (NNA)
The Basics of Supply. Law of Demand vs. Law of Supply Partner A – take role of a producer Partner B – take role of a consumer Exploring Supply and Demand.
EBay and Auctions. eBay Overview World’s largest “online trading community” World’s largest “online trading community” Current number of users: Approx.
Ch. 3 The Economic Impact بسم الله الرحمن الرحيم.
3-1 Chapter Overview Economics—social science that analyzes the choices made by people and governments in allocating scarce resources.
1-1 Class 1 Review ●What is a business? ●Are profits bad? – Do not think emotionally – Think economically ●Who determines what products are offered? –How.
1 Supply Quantity supplied is the amount of a good that sellers are willing and able to sell. Law of supply –The law of supply states that, other things.
CHAPTER 5: SECTION 1 Understanding Supply. What Is Supply? Supply refers to the willingness and ability of sellers to produce and offer to sell a good.
BELLRINGER This Saturday I am throwing a princess party for 8 tiny 5-year-old princesses. I need YOUR help—baking, decorating, and helping out during.
