SUPPLY & DEMAND

SHIFTS AND MOVEMENTS
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SITUATIONS WITH PRICE AND QUANTITY
DEMAND
EQUILIBRIUM
SHIFTS AND MOVEMENTS
SUPPLY
CAUSES FOR CHANGE
MARGINAL COSTS AND BENEFITS
LINKS

price changes, then quantity changes to compensate for the price change, or vixe versa

moves.jpg

relationship between price and quantity remain the same, but there is a increase/decrease in price or quantity

moved.jpg

relationship between price and quantity remain the same, but there is a increase/decrease in price or quantity

shiftd.jpg

quantity of beer demanded increases, but the price for a unit of beer remains the same

shifts.jpg

quantity of beer supplied decreases, but the price for a unit of beer remains the same

Created Fall 2004
WFU '08