EQUATION 2.1 Demand Function.

FIGURE 2.1 The Demand Curve for a Product.

FIGURE 2.2 Change (Increase) in Demand

FIGURE 2.3 Individual Versus Market Demand Curve

EQUATION 2.2 Mathematical Example of a Demand Function.

EQUATION 2.3 Mathematical Example of a Demand Function.

EQUATION 2.4 Supply Function.

FIGURE 2.4 The Supply Curve for a Product

FIGURE 2.5 Change (Increase) in Supply

EQUATION 2.5 Mathematical Example of a Supply Function

EQUATION 2.6 Mathematical Example of a Supply Function

TABLE 2.1 Factors Influencing Market Demand and Supply

FIGURE 2.6 Market Equilibrium

FIGURE 2.7 A Lower-Than-Equilibrium Price

FIGURE 2.8 A Higher-Than-Equilibrium Price

EQUATION 2.3 & 2.6 Mathematical Example of Equilibrium

EQUATION 2.7 Mathematical Example of Equilibrium

FIGURE 2.9 Change in Demand

FIGURE 2.10 Change in Supply

FIGURE 2.11 Decrease in Supply and Increase in Demand: Increase in Equilibrium Quantity

FIGURE 2.12 Decrease in Supply and Increase in Demand: Decrease in Equilibrium Quantity

FIGURE 2.13 Increase in Supply and Increase in Demand: Lower Equilibrium Price

FIGURE 2.14 Increase in Supply and Increase in Demand: Higher Equilibrium Price

EQUATION 2.8 Mathematical Example of an Equilibrium Change

EQUATION 2.9 Mathematical Example of an Equilibrium Change

EQUATION 2.10 Mathematical Example of an Equilibrium Change

FIGURE 2.15 Copper Industry Example