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