COMM 1P97 Lecture Notes - Lecture 3: Business Cycle, The World Factbook, Economic Equilibrium
23 Jan 2018
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Bank of canada rises rate too 1. 23%, but cautions on nafta. Intel"s ceo reportedly sold shares after the company knew about security flaws. Supply-he quantity that producers are willing to offer for sale at different market prices. Law of supply-states that the amount supplied will increase as the price increases. Demand- the quantity of products that consumers are willing to buy at different market prices. Law of demand-states that people will buy more of an item at a lower price than at a higher price. Equilibrium price- int theory, the point at which demand and supply curves intersect-the projected price at which demand and supply will correspond. You"re the owner of venice pizza company with outlets in st. catherines. Try to think of three ways you could increase demand for pizza, thereby leading to a rise in the equilibrium price without significantly increasing your cost of production.
