Consumer In The Market Place
McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, All Rights Reserved Chapter 4 Supply and Demand.
Chapter 3 Supply and Demand. Chapter Objectives Define and explain demand in a product or service market Define and explain supply Determine the equilibrium.
Price of the good Elasticity of Demand Income Price of other goods Price elasticity of demand Income elasticity of demand Cross elasticity of demand.
Chapter 3 Supply and Demand 3-1 Copyright 2005 by The McGraw-Hill Companies, Inc. All rights reserved.
Supply and Demand in a Product or Service Market Kevin L. Woods CMA, CFM, CTP, MBA.
MONOPOLY Pure monopoly: a single seller of a good or service with no close substitutes. The firm IS the industry. Monopoly power: the ability of a firm.
ECO1000 Economics Semester One, 2004 Lecture Four.
Supply and Demand Chapter 04 McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
Review Chapter 2 Quiz QOD #9: What’s in a headline? Review HW Demand Shifts Reading the Headlines HW: Looking for S & D Project Pg 76 #1-6; pg 84 #2-6.
Supply and Demand in a Product or Service Market
Goal: Demand Summary Day Warm-up: Demand Worksheet.
