Markets: A Primer on Graphs

• Transition from tables to graphs
  • Demand Schedule / Supply Schedule
• The graphs: Supply and Demand Curves
  • Buyers: Demand Curve
  • Sellers: Supply Curve
• Characteristics of curves
  • Slope (influence of price)
  • Shifts (influence of other factors)
• Buyers and Sellers Together
  • Equilibrium (right price)
  • Disequilibrium (wrong price)
  • Comparative Statics
    • The graphs
    • The results