Interactive Presentation Slides.pptx
Hayden Wright
Created on October 9, 2024
Over 30 million people create interactive content in Genially
Check out what others have designed:
BLENDED PEDAGOGUE
Presentation
VALENTINE'S DAY PRESENTATION
Presentation
WOLF ACADEMY
Presentation
EXPLLORING SPACE
Presentation
UNCOVERING REALITY
Presentation
SPRING HAS SPRUNG!
Presentation
THE OCEAN'S DEPTHS
Presentation
Transcript
Supply and Demand
Pop Quiz!
Demand
- Amount of a good consumers want to buy.
- May depend on price.
Supply
- Amount of a good produced and offered for sale.
- May depend on price
Introduction
- Supply increases as price increases.
- Supply can shift up or down depending on many factors.
- Number of suppliers, Price, etc.
Graphing Supply
- Demand decreases and price increases.
- Demand shifts up or down depending on many factors.
- Income levels, Consumer preference, etc.
Graphing Demand
- Where supply and demand meet is the Equilibrium Price.
- Goods produced = Goods bought
- Markets will trend towards the equilibrium to prevent surplus and shortage of goods.
- When supply or demand shift, equilibrium price moves too.
Supply, Demand, and Price