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Chapter 3: Where Prices Come From – The Interaction of Demand and Supply
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The Demand Curve
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The Basics of Demand
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Individual Demand and Market Demand
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Shifts in the Demand Curve
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Substitute Goods
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Movement Along a Demand Curve
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Shifting Demand - Warning!
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The Supply Curve
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The Basics of Supply
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Shifts in the Supply Curve
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Movement Along a Supply Curve
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Market Equilibrium
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Big Daddy Shift Summary
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Effects of Surplus
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Surplus
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Effects of Shortage
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