Class Notes (838,009)
Canada (510,616)
Economics (994)
ECON 101 (318)
Lecture

[ECON 101] - Market Demand and Supply

2 Pages
61 Views
Unlock Document

Department
Economics
Course
ECON 101
Professor
Emanuel Carvalho
Semester
Fall

Description
Sept 19 2011 Market Demand and Supply DemandfP P C E P Y ECOCPFPFYPrice of Other Related Commodities PocComplimentsIecarstiresCase 1 Price of Cars Increases1 Decrease in demand for cars result in decrease in demand in tires shifts to the left Case 2 Price of Cars Decreases2 Increase in demand for cars result in increase in demand in tires shifts to the right Expected Future Prices EFPWhen expecting the price to decrease in the future the present demand is lower When expecting that the price is presently the lowest the demand will increase andawaits for the price value to rise in the future in hope Population If the population increases the demand would increase If the population decreases the demands would all decrease because of thedecrease in the competitionPer Capita Income Y If per capita income i
More Less

Related notes for ECON 101

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit