经济学教学课件 04_4E.pptVIP

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经济学教学课件 04_4E.ppt

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333;MARKETS AND COMPETITION;A market is a group of buyers and sellers of a particular good or service. The terms supply and demand refer to the behavior of people . . . as they interact with one another in markets. ;What Is a Market?;What Is Competition?;What Is Competition?;What Is Competition?;DEMAND;The Demand Curve: The Relationship between Price and Quantity Demanded;Catherine’s Demand Schedule;The Demand Curve: The Relationship between Price and Quantity Demanded;Figure 1 Catherine’s Demand Schedule and Demand Curve;Market Demand versus Individual Demand;The Market Demand Curve;Shifts in the Demand Curve;0;Shifts in the Demand Curve;Shifts in the Demand Curve;Figure 3 Shifts in the Demand Curve;Shifts in the Demand Curve;$3.00;$3.00;Shifts in the Demand Curve;Table 1 Variables That Influence Buyers;SUPPLY;The Supply Curve: The Relationship between Price and Quantity Supplied;Ben’s Supply Schedule;The Supply Curve: The Relationship between Price and Quantity Supplied ;Figure 5 Ben’s Supply Schedule and Supply Curve;Market Supply versus Individual Supply;Shifts in the Supply Curve;Shifts in the Supply Curve;1;Shifts in the Supply Curve;Figure 7 Shifts in the Supply Curve;Table 2: Variables That Influence Sellers;SUPPLY AND DEMAND TOGETHER;SUPPLY AND DEMAND TOGETHER;At $2.00, the quantity demanded is equal to the quantity supplied!;Figure 8 The Equilibrium of Supply and Demand;Equilibrium;Figure 9 Markets Not in Equilibrium;Equilibrium;Figure 9 Markets Not in Equilibrium;Equilibrium;Table 3: Three Steps for Analyzing Changes in Equilibrium;Figure 10 How an Increase in Demand Affects the Equilibrium;Three Steps to Analyzing Changes in Equilibrium;Figure 11 How a Decrease in Supply Affects the Equilibrium;Table 4: What Happens to Price and Quantity When Supply or Demand Shifts?;Economists use the model of supply and demand to analyze competitive markets. In a competitive market, there are many buyers and sellers, each of whom has little or no influence on the mark