12 PM – May 17 th, 2012 AP Microeconomics Test Review RMCE/HWRHS.
Putting Supply & Demand Together ECO 284 - Foster Price Controls Distortions to the Supply & Demand Model: Price Controls.
Module Supply and Demand: Introduction and Demand KRUGMAN'S MACROECONOMICS for AP* 5 Margaret Ray and David Anderson.
Supply & Demand Analysis Miss Varee Spring 2004 Spring 2004Economics.
Fundamentals of Markets © 2011 D. Kirschen and the University of Washington 1.
Elasticity of Demand How does a firm go about determining the price at which they should sell their product in order to maximize total revenue? Total Revenue.
Demand Curves. Do you own an iPod? 1)Yes 2)No Clicker Test Press the Letter A on your clicker.
Chapter 4: Elasticity It measures the responsiveness of quantity demanded (or demand) with respect to changes in its own price (or income or the price.
Maximizing Profit: Profit = Total Revenue - Total Cost Total Revenue (TR) = P × Q Average Revenue (AR) = TR÷Q = Chapter 9:
Bubble Economics David Laibson Econometric Society Meetings Boston University June 4, 2009.
Economic Benefits of Preserving Healthy Ecosystems Steve Colt Institute of Social and Economic Research University of Alaska Anchorage Stampede Summit.
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.