Marginalist Hall of Fame: Austrian School Carl Menger, 1841-1921 Eugen von Böhm-Bawerk, 1851-1914Friedrich von Wieser, 1851-1926.
2 SUPPLY AND DEMAND I: HOW MARKETS WORK. Copyright © 2006 Thomson Learning 4 The Market Forces of Supply and Demand.
Supply and Demand Pricing and Market Equilibrium © 2002 by Nelson, a division of Thomson Canada Limited.
Chapter 4 Part 2. Supply Quantity supplied – amount of a good that sellers are willing and able to sell Law of supply – the quantity supplied of a good.
Opportunity Cost Question You won a free ticket to see an Eric Clapton concert (which has no resale value). Bob Dylan is performing on the same night and.
Macroeconomics Week 3b Maclachlan (Fall 04) Principles and Policies I: Macroeconomics Chapter 4: Supply and Demand.
The Market Forces of Supply and Demand Chapter 4.
Copyright © 2004 South-Western SUPPLY Quantity supplied is the amount of a good that sellers are willing and able to sell. Law of Supply The law of supply.
Copyright © 2011 Cengage Learning 4 The Market Forces of Supply and Demand.
Ch. 6 -Market Equilibrium. Agenda- 11/10 1. Finish Ch. 6 Lecture (RS) 2. Ch. 6 Book Assignment (LS) 3. HW: Test and Notebooks Friday.
Chapter 4: Market Equilibrium Demand & Supply Together.
Supply, Demand, and Government Policies 1. Controls on Prices Price ceiling –A legal maximum on the price at which a good can be sold –Usually imposed.