Price elasticity of demand
Endog exogenous,movements of the curve
QD vs D?
Supply curve--quantity procedures are willing to provide at a certain prices
Higher the price,the more suppliers will supply.Curve can be seen as marginal
cost. As the price goes up,you can make more because the money you're
making now covers the increasing marginal costs.
Change in quantity supplied--movement along the line,when price of the good is
Supply increases to the right
Equilibrium--a situation of rest when the are no forces that create change