Include curves

Quantity and price 1 Price Supply Demand

0 100 0 1 80 30 2 60 60 3 40 90 4 20 120 5 0 150 0 100 0 1 80 30 2 60 60 3 40 90 4 20 120 5 0 150

Using a graph, depict demand and supply. If you're in a circumstance like this, describe it.

1 price = 4 price = 1 price = 1 price = 1 price = 1 price = 1 price = 1 price = 1 price =

2 Quantity and price 2 Quantity Price

Demand and Supply

Q* P*

Chocolate's market

What happens to the equilibrium quantity and price P*? Q* What happens if the price of cocoa drops, people become more health conscious, and they consume fewer calories? What happens if both the price of cacao and the price of cocoa drops, and people become more health conscious and eat fewer calories?

3 Quantity and price 3 Supply = 800 + 500P Demand = 2200 - 200P (P = Price)

Calculate the equilibrium quantity as well as the equilibrium price.

1a Markets, supply and demand 26 November 2016

26 November 2016

4 Shifts in demand vs. movements along the demand curve

Is this true or false? "Demand rises when the price of a good declines."

5 Changes in supply and demand

In the cases,, and, respond to the following questions:

Is there a correlation between supply and demand?

Is there a rise or fall in supply or demand?

What happens if the equilibrium price and quantity aren't met?

The good gets popular. Input prices decline. Income rises (normal good). Higher consumption taxes are imposed.

6 Surpluses of consumers and producers

Determine the surpluses of the consumer and producer:

The cost

a large number

Supply \sDemand \sP* \sQ*