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Lecture 3

ECO101H1 Lecture Notes - Lecture 3: List Price, Economic Equilibrium, Demand Curve


Department
Economics
Course Code
ECO101H1
Professor
James Pesando
Lecture
3

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[ECO100 ECONOMICS]
DEMAND, SUPPLY AND MARKET PRICE

 ! 
"#$%
&'( )'
* )+ )  ) +,
-  .'/01
2 
 3
3 4
 5
6$7  '/81
'
6
$   ,
/9  +   1

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[ECO100 ECONOMICS]
,9) +/ ))1 )
,
,9) /)  1  : ,
3,( : ,
- )
;
;
7
-
Substutes;< =
"#$%
Complements;<)=
"#$%
7 (>0(?7?>?" )7@"9("(,
7 *-&""? )'"@"9("(,
EX.19)  A)  ) +B,
, ) AB
, )  )A)B
EX.2( : '7
C>
63
C(  )/1
6
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[ECO100 ECONOMICS]
(>--&D>@E"
, &>;( )(
* )+ )  ) ) + ,
($F )#  GF,
, ($( (
/9 )F # ! ,1
,9) + / ))1 )
,
,9) A)  B  : ,
3,( : $
HA) B
F
-  
?)
EX.39) %A)  ) + B
, HA)B
, ?)A)B
EX.4( : (%
C(') 0G 
62
C?)   )%
64
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