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