MICROECONOMICS PRINCIPLES WITH ETHICSMODULE 14: Theory of Market Supply Textbook Reading:Presentation Slides:Additional Useful Information:Factors Affecting Supply Supply Theory |
OVERVIEWIn this module we discuss the general determinants of market supply, distinguishing between movements along the supply curve and shifts in the curve. Producer and consumer sides of a market are then integrated with a supply and demand curve diagram. Reasons are given for why the intersection of supply and demand represents a market equilbrium and how to solve for the equlibrium market price and the quantity supplied and demanded.
VIDEO LECTUREMarket Supply Determinants - 21 minutes A Linear Supply Function - 7 minutes Supply and Demand Shift Summary - 5 minutes Market Equilibrium Stories - 12 minutes
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