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Tham khảo tài liệu 'chương 3 nhu cầu, cung cấp, và thị trường', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Chapter 3 Demand, supply, and the market David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 6th Edition, McGraw-Hill, 2000 Power Point presentation by Peter Smith Some key terms Market a set of arrangements by which buyers and sellers are in contact to exchange goods or services Demand the quantity of a good buyers wish to purchase at each conceivable price Supply the quantity of a good sellers wish to sell at each conceivable price Equilibrium price price at which quantity supplied = quantity demanded 3. See Section 3-1 in the main text. The Demand curve shows the relation between price and quantity demanded holding other things constant “Other things” include: the price of related goods consumer incomes consumer preferences Changes in these other things affect the position of the demand curve D Quantity Price 3. See Sections 3-3 and 3-4 in the main text. The Supply curve shows the relation between price and quantity supplied holding other things constant “Other things” include: technology input costs government regulations Changes in these other things affect the position of the demand curve Quantity Price S 3. See Sections 3-3 and 3-6 in the main text. Market equilibrium Market equilibrium is at E0 where quantity demanded equals quantity supplied with price P0 and quantity Q0 D0 D0 S S Q0 P0 E0 Price Quantity 3. See Section 3-3 in the main text. Market equilibrium If price were above P0 there would be excess supply producers wish to supply more than consumers wish to demand D0 D0 S S Q0 P0 E0 Price Quantity 3. See Section 3-3 in the main text. A shift in demand D0 D0 S S Q0 P0 E0 Price Quantity If the price of a substitute good increases . more will be demanded at each price D1 D1 The demand curve shifts from D0D0 to D1D1. E1 Q1 P1 The market moves to a new equilibrium at E1. 3. See Section 3-5 in the main text. A shift in supply D D Q0 P0 E0 Price Quantity Suppose safety regulations are tightened, increasing producers’ costs | Chapter 3 Demand, supply, and the market David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 6th Edition, McGraw-Hill, 2000 Power Point presentation by Peter Smith Some key terms Market a set of arrangements by which buyers and sellers are in contact to exchange goods or services Demand the quantity of a good buyers wish to purchase at each conceivable price Supply the quantity of a good sellers wish to sell at each conceivable price Equilibrium price price at which quantity supplied = quantity demanded 3. See Section 3-1 in the main text. The Demand curve shows the relation between price and quantity demanded holding other things constant “Other things” include: the price of related goods consumer incomes consumer preferences Changes in these other things affect the position of the demand curve D Quantity Price 3. See Sections 3-3 and 3-4 in the main text. The Supply curve shows the relation between price and quantity supplied holding other things constant “Other .
