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Ch. 3 - Supply and DemandWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Macroeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price Floors
Ch. 6 - Introduction to Taxes
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - Introducing Economic Concepts
Ch. 11 - Gross Domestic Product (GDP) and Consumer Price Index (CPI)
Ch. 12 - Unemployment and Inflation
Ch. 13 - Productivity and Economic Growth
Ch. 14 - The Financial System
Ch. 15 - Income and Consumption
Ch. 16 - Deriving the Aggregate Expenditures Model
Ch. 17 - Aggregate Demand and Aggregate Supply Analysis
Ch. 18 - The Monetary System
Ch. 19 - Monetary Policy
Ch. 20 - Fiscal Policy
Ch. 21 - Revisiting Inflation, Unemployment, and Policy
Ch. 22 - Balance of Payments
Ch. 23 - Exchange Rates
Ch. 24 - Macroeconomic Schools of Thought
Ch. 25 - Dynamic AD/AS Model
Ch. 26 - Special Topics
Introduction to Supply and Demand
The Basics of Demand
Individual Demand and Market Demand
Shifting Demand
The Basics of Supply
Individual Supply and Market Supply
Shifting Supply
Big Daddy Shift Summary
Supply and Demand Together: Equilibrium, Shortage, and Surplus
Supply and Demand Together: One-sided Shifts
Supply and Demand Together: Both Shift
Supply and Demand: Quantitative Analysis

Concept #1: Shifting Demand - Warning!

Concept #2: Shifting Right and Shifting Left

Concept #3: Consumer Income: Normal Goods and Inferior Goods

Example #1: Consumer Income

Concept #4: Substitute Goods

Example #2: Substitute Goods

Concept #5: Complementary Goods

Example #3: Complementary Goods

Concept #6: Consumer Preferences

Example #4: Consumer Preferences

Concept #7: Consumer Expectations

Example #5: Consumer Expectations

Concept #8: Number of Consumers

Example #6: Number of Consumers

Example #7: Demand Shift Summary

Practice: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?

Practice: What happens in the market for beef jerky if customers expect a price increase in the future?

Practice: If cheese in a can is an inferior good, what happens to its market when consumer income increases?