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Chapter 4 Demand, Supply, and Equilibrium

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Presentation on theme: "Chapter 4 Demand, Supply, and Equilibrium"— Presentation transcript:

1 Chapter 4 Demand, Supply, and Equilibrium
© 2015 Pearson Education, Ltd.

2 Exhibit 4.1 Chloe’s Demand Schedule and Demand Curve for Gasoline
© 2015 Pearson Education, Ltd.

3 Exhibit 4.2 Aggregation of Demand Schedules and Demand Curves
© 2015 Pearson Education, Ltd.

4 Exhibit 4.2 Aggregation of Demand Schedules and Demand Curves
© 2015 Pearson Education, Ltd.

5 Exhibit 4. 4 Shifts of the Demand Curve vs
Exhibit 4.4 Shifts of the Demand Curve vs. Movement Along the Demand Curve © 2015 Pearson Education, Ltd.

6 Exhibit 4.5 The Quantity of Gasoline Demanded (per person) and the Price of Gasoline in Brazil, Mexico, and Venezuela © 2015 Pearson Education, Ltd.

7 Exhibit 4.6 ExxonMobil’s Supply Schedule for Oil and Supply Curve for Oil
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8 Exhibit 4.7 Aggregation of Supply Schedules and Supply Curves
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9 Exhibit 4.8 Market Supply Curve for Oil
© 2015 Pearson Education, Ltd.

10 Exhibit 4. 9 Shifts of the Supply Curve vs
Exhibit 4.9 Shifts of the Supply Curve vs. Movement Along the Supply Curve © 2015 Pearson Education, Ltd.

11 Exhibit 4.10 Demand Curve and Supply Curve for Oil
© 2015 Pearson Education, Ltd.

12 Exhibit 4.11 Excess Supply © 2015 Pearson Education, Ltd.

13 Exhibit 4.12 Excess Demand © 2015 Pearson Education, Ltd.

14 Exhibit 4.13 A Left Shift of the Supply Curve
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15 Exhibit 4.14 A Left Shift of the Demand Curve
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16 Exhibit 4.15 Both the Demand Curve and the Supply Curve Shift Left
© 2015 Pearson Education, Ltd.

17 Exhibit 4.16 Excess Demand for Henrico County’s Laptops
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