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PPT - Supply & Demand: Equilibrium

PPT - Supply & Demand: Equilibrium
PPT - Supply & Demand: Equilibrium
PPT - Supply & Demand: Equilibrium
PPT - Supply & Demand: Equilibrium
PPT - Supply & Demand: Equilibrium
PPT - Supply & Demand: Equilibrium
PPT - Supply & Demand: Equilibrium
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Presentation (Powerpoint) File

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159 KB|4 pages
Product Description
An introductory lesson on the supply and demand model focusing on the concept of equilibrium. Topics covered include:

Plotting supply and demand curves on the same graph
Using a S&D diagram to read specific values (Qd and Qs at various prices)
Defining what is meant by the term shortage and surplus
Identifying equilibrium quantity and price
Understanding what is meant by the term equilibrium
Examining what happens whenever the price is not equal to the equilibrium price
Predicting the effect of a surplus or shortage on the price of a product
Total Pages
4 pages
Answer Key
N/A
Teaching Duration
30 minutes
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