Elements of Demand and Supply

ELEMENTS OF DEMAND AND SUPPLY Prepared by: GREGAR DONAVEN E. VALDEHUEZA, MBA Lourdes College Instructor Chapter 3 ECONOMICS: its concepts and principles By: BKG Gabay RM Remotin, Jr. EAM Uy

DEMAND ,[object Object],[object Object],[object Object]

Determinants of Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Demand Schedule ,[object Object],[object Object]

Example of a Demand Schedule 200 5 400 4 600 3 800 2 1000 1 Quantity Demanded Price (Php ‘000)

Demand Curve ,[object Object],[object Object]

Law of Demand ,[object Object],[object Object]

Justification for the Law of Demand ,[object Object],[object Object],[object Object],[object Object]

Changes Involving Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Determinants of Supply ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Supply Schedule ,[object Object],[object Object]

Example of a Supply Schedule 1000 5 800 4 600 3 400 2 200 1 Quantity Supplied Price (Php ‘000)

Supply Curve ,[object Object],[object Object]

Law of Supply ,[object Object],[object Object]

Changes Involving Supply ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Determination of Market Equilibrium ,[object Object],[object Object],[object Object]

Market Equilibrium ,[object Object],[object Object]

Demand and Supply Schedules Downward Surplus (800) 1000 200 5 E Downward Surplus (400) 800 400 4 D Neutral/ Equal Equilibrium (0) 600 600 3 C Upward Shortage (-400) 400 800 2 B Upward Shortage (-800) 200 1000 1 A Pressure on Price State of Market Quantity Supplied Quantity Demanded Price (Php ‘000) Points

- E N D - ,[object Object],[object Object],[object Object],[object Object]

Elements of Demand and Supply

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (20)

Similar to Elements of Demand and Supply

Similar to Elements of Demand and Supply (20)

More from Gregar Donaven Valdehueza

More from Gregar Donaven Valdehueza (20)

Recently uploaded

Recently uploaded (20)

Elements of Demand and Supply