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SUPPLY AND DEMAND I: HOW MARKETS WORK
The Market Forces of
                                 4
Supply and Demand


Copyright 息 2004 South-Western
Figure 1 Catherines Demand Schedule and
Demand Curve




                                 Copyright 息 2004 South-Western
Figure 2 Market Demand as the Sum of Individual
Demands




                                  Copyright 息 2004 South-Western
Figure 3 Shifts in the Demand Curve




                                      Copyright 息 2004 South-Western
Table 1 Variables That Influence Buyers




                                    Copyright息2004 South-Western
Figure 4 Shifts in the Demand Curve versus
Movements along the Demand Curve




                                   Copyright 息 2004 South-Western
Figure 5 Bens Supply Schedule and Supply Curve




                                  Copyright 息 2004 South-Western
Figure 6 Market Supply as the Sum of Individual
Supplies




                                   Copyright 息 2004 South-Western
Figure 6 Market Supply as the Sum of Individual
Supplies




                                   Copyright 息 2004 South-Western
Figure 7 Shifts in the Supply Curve




                                      Copyright 息 2004 South-Western
Table 2 Variables That Influence Sellers




                                     Copyright息2004 South-Western
Figure 8 The Equilibrium of Supply and Demand




                                  Copyright 息 2004 South-Western
Figure 9 Markets Not in Equilibrium




                                      Copyright 息 2004 South-Western
Table 3 The Three-Step Program for Analyzing
Changes in Equilibrium




                                   Copyright息2004 South-Western
Figure 10 How an Increase in Demand Affects the
Equilibrium




                                  Copyright 息 2004 South-Western
Figure 11 How a Decrease in Supply Affects the
Equilibrium




                                   Copyright 息 2004 South-Western
Figure 12 A Shift in Both Supply and Demand




                                  Copyright 息 2004 South-Western
Table 4 What Happens to Price and Quantity
When Supply or Demand Shifts?




                                   Copyright息2004 South-Western
Copyright息2004 South-Western

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  • 1. 2 SUPPLY AND DEMAND I: HOW MARKETS WORK
  • 2. The Market Forces of 4 Supply and Demand Copyright 息 2004 South-Western
  • 3. Figure 1 Catherines Demand Schedule and Demand Curve Copyright 息 2004 South-Western
  • 4. Figure 2 Market Demand as the Sum of Individual Demands Copyright 息 2004 South-Western
  • 5. Figure 3 Shifts in the Demand Curve Copyright 息 2004 South-Western
  • 6. Table 1 Variables That Influence Buyers Copyright息2004 South-Western
  • 7. Figure 4 Shifts in the Demand Curve versus Movements along the Demand Curve Copyright 息 2004 South-Western
  • 8. Figure 5 Bens Supply Schedule and Supply Curve Copyright 息 2004 South-Western
  • 9. Figure 6 Market Supply as the Sum of Individual Supplies Copyright 息 2004 South-Western
  • 10. Figure 6 Market Supply as the Sum of Individual Supplies Copyright 息 2004 South-Western
  • 11. Figure 7 Shifts in the Supply Curve Copyright 息 2004 South-Western
  • 12. Table 2 Variables That Influence Sellers Copyright息2004 South-Western
  • 13. Figure 8 The Equilibrium of Supply and Demand Copyright 息 2004 South-Western
  • 14. Figure 9 Markets Not in Equilibrium Copyright 息 2004 South-Western
  • 15. Table 3 The Three-Step Program for Analyzing Changes in Equilibrium Copyright息2004 South-Western
  • 16. Figure 10 How an Increase in Demand Affects the Equilibrium Copyright 息 2004 South-Western
  • 17. Figure 11 How a Decrease in Supply Affects the Equilibrium Copyright 息 2004 South-Western
  • 18. Figure 12 A Shift in Both Supply and Demand Copyright 息 2004 South-Western
  • 19. Table 4 What Happens to Price and Quantity When Supply or Demand Shifts? Copyright息2004 South-Western