NotedocxNotedocx.docxVIP

下载本文档

15
0
约6.94千字
约 13页
2017-01-06 发布于贵州
举报
版权申诉

NotedocxNotedocx.docx

1、有哪些信誉好的足球投注网站（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

Price: Interaction of supply Demand Objective:Explain the concept of equilibrium.Explain the effect of changes in demand and supply upon the equilibrium.Explain the concepts of excess demand and supply upon equilibrium.Explain, distinguish between, and give examples of, maximum and minimum price controls.Discuss the consequences of price controls.Surplus and Shortage-------DisquillibriumCloser Look at the SupplierMarginal Product of Labor Marginal ReturnsMarginal Cost CurveKey wordsEquilibriumDisequilibriumShortageSurplusPrice maximum (price ceiling)Price minimum (price floor)Rent controlMinimum wageEssential Facts_ EQUILIBRIUMBuyers and sellers come together to interact in a market.The point where demand and supply meet is equilibriumEquilibriumPoint of Maximum benefit Point of Market ClearanceBoth buyers and sellers benefitBuyers purchase exactly as much of a good as firms are willing to sell.How does this cartoon show the relationship of supply and demand?What will happen to the market if supply becomes stronger than demand?Essential Facts_ DisequilibriumMarket prices are not always where they should be at equilibrium.Disequilibrium occurs when market demand is not equal to market supply.Model Work Time (TB 40)From Shortage to EquilibriumFrom Surplus to EquilibriumGlossary of FormulasLinear Demand FunctionQd=a-bPQd : Quantity demandeda : Q-interceptb : slope=changing QD/changing PP : priceYou don’t have the demand schedule.EX/Qd=14-2P14:Q-intercept-2:slopePQd0141122103846546270Qd=14-2(0)=14Qd=14-2(1)=12Qd=14-2(2)=10Qd=14-2(3)=8Qd=14-2(4)=6…Supply FunctionQs=c+dPQs:Quantity SupplyC:Q-interceptD:slope(changing Qs/Changing S)P:priceEX/Qs=2+2P0=2+2PP=-1PQdQs-1001421124210638846105412621470162014.11.17More about PriceThe role of Price MarketEfficiencyPrice System:-Flexible-Efficient Resource Allocation-Competition could result in better products-Provides signals-Price can be used to gage demand supply-Provides Incentive-Common languageKey words:-Product Market-Res