Basics of Supply and Demand
Wähle die Ordner aus, zu welchen Du "Microeconomics 2" hinzufügen oder entfernen möchtest
Relationship between the quantity (x) of a good that producers are willing to sell and the price (y) of the good
Relationship between the quantity of a good that
consumers are willing to buy and the price of the good.
Two goods for which an increase in the price of one leads to an increase in the quantity demanded of the other.
Two goods for which an increase in the price of one leads to a decrease in the quantity demanded of the other.
equilibrium (market clearing price)
Price that equates the quantity supplied to the quantity demanded.
Tendency in a free market for price to change until the market clears.
Situation in which the quantity supplied exceeds the quantity demanded.
Situation in which the quantity demanded exceeds the quantity supplied.
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