Table of ContentsMarkets Markets Market Type: A Competitive Market Competition: Perfect and Otherwise Competition: Perfect and Otherwise Competition: Perfect and Otherwise Demand Law of Demand Demand Schedule Demand Schedule Determinants of Demand Demand Curve Ceteris Paribus Market Demand Determinants of Demand Change in Quantity Demanded versus Change in Demand Changes in Quantity Demanded Change in Quantity Demanded versus Change in Demand Changes in Demand Consumer Income Consumer Income Normal Good Consumer Income Inferior Good Prices of Related Goods Substitutes & Complements Change in Quantity Demanded versus Change in Demand Supply Law of Supply Determinants of Supply Supply Schedule Supply Schedule Supply Curve Market Supply Determinants of Supply Change in Quantity Supplied versus Change in Supply Change in Quantity Supplied Change in Quantity Supplied versus Change in Supply Change in Supply Change in Quantity Supplied versus Change in Supply Supply and Demand Together Supply and Demand Together Equilibrium of Supply and Demand Excess Supply Surplus Excess Demand Shortage Three Steps To Analyzing Changes in Equilibrium How an Increase in Demand Affects the Equilibrium Shifts in Curves versus Movements along Curves How a Decrease in Supply Affects the Equilibrium What Happens to Price and Quantity When Supply or Demand Shifts? Summary Summary Summary Summary Summary |
Author: Mark P. Karscig
Email: stutes@mnstate.edu Home Page: web.mnstate.edu/stutes |