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SUPPLY & DEMAND

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

P = Price    Q = Quantity

A "?" MEANS WE ARE UNABLE TO CALCULATE THIS

INCREASE IN SUPPLY AND DEMAND

P = ?
Q = INCREASE

INCREASE IN SUPPLY ONLY

P = DECREASE
Q = INCREASE

INCREASE IN SUPPLY, DECREASE IN DEMAND

P = DECREASE
Q = ?

INCREASE IN DEMAND ONLY

P = INCREASE
Q= DECREASE

DECREASE IN DEMAND ONLY

P = DECREASE
Q = DECREASE

DECREASE IN SUPPLY, INCREASE IN DEMAND

P = INCREASE
Q = ?

DECREASE IN SUPPLY ONLY

P = INCREASE
Q = DECREASE

DECREASE IN SUPPLY AND DEMAND

P = ?
Q = DECREASE

Created Fall 2004
WFU '08