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附录A
A.1 THE MARKET FORCES OF SUPPLY AND DEMAND
When a cold snap hits Florida,the price of orange juice rises in supermarkets throughout the country.When the weather turns warm in New England every summer,the price of hotel rooms in the Caribbean plummets.When a war breaks out in the Middle East,the price of gasoline in the United States rises,and the price of a used Cadillac falls.What do these events have in common? They all show the workings of supply and demand.
Supply and demand are the two words that economists use most often—and for good reason.Supply and demand are the forces that
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