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EQUATION 2.1 Demand Function.

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Presentation on theme: "EQUATION 2.1 Demand Function."— Presentation transcript:

1

2 EQUATION 2.1 Demand Function.

3 FIGURE 2.1 The Demand Curve for a Product.

4 FIGURE 2.2 Change (Increase) in Demand

5 FIGURE 2.3 Individual Versus Market Demand Curve

6 EQUATION 2.2 Mathematical Example of a Demand Function.

7 EQUATION 2.3 Mathematical Example of a Demand Function.

8 EQUATION 2.4 Supply Function.

9 FIGURE 2.4 The Supply Curve for a Product

10 FIGURE 2.5 Change (Increase) in Supply

11 EQUATION 2.5 Mathematical Example of a Supply Function

12 EQUATION 2.6 Mathematical Example of a Supply Function

13 TABLE 2.1 Factors Influencing Market Demand and Supply

14 FIGURE 2.6 Market Equilibrium

15 FIGURE 2.7 A Lower-Than-Equilibrium Price

16 FIGURE 2.8 A Higher-Than-Equilibrium Price

17 EQUATION 2.3 & 2.6 Mathematical Example of Equilibrium

18 EQUATION 2.7 Mathematical Example of Equilibrium

19 FIGURE 2.9 Change in Demand

20 FIGURE 2.10 Change in Supply

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

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

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

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

25 EQUATION 2.8 Mathematical Example of an Equilibrium Change

26 EQUATION 2.9 Mathematical Example of an Equilibrium Change

27 EQUATION 2.10 Mathematical Example of an Equilibrium Change

28 FIGURE 2.15 Copper Industry Example


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