Chapter3SupplyandDemand解答.pptVIP

Supply and Demand ;Objectives;1. Supply and Demand;What is supply what is demand?;Supply;;Law of supply（供应定律）;Demand;;Law of demand（需求定律）;Supply and demand;2. The factors influencing prices;Different types of market different types of economy;Perfect competition（完全/自由竞争）;free market;Features of perfect competition;Monopolistic Competition;The key to survival in monopolistic competition lies in product differentiation. The differences could be in the design of the products E.g. Nike and Adidas in the brand name E.g.Wanglaoji Jiaduobao in advertising E.g. Wuliangye Maotai In selling point