Professional Documents
Culture Documents
Markets
Demand
Demand schedule
Demand curve
Law of demand
substitution effect
income effect
Change in demand
Determinants of demand
Effect of fads:
Expectations
International effects
International effects
(continued)
Supply
Supply schedule
Law of supply
Determinants of supply
Price of resources
Technological improvements
Increase in # of sellers
International effects
Market equilibrium
Demand rises
Demand falls
Supply rises
Supply falls
Price ceiling
rent controls
price controls during wartime
gas price rationing in 1970s
Price floor