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Ch. 3 - Supply and DemandWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Microeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Floors
Ch. 6 - Introduction to Taxes and Subsidies
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - The Costs of Production
Ch. 11 - Perfect Competition
Ch. 12 - Monopoly
Ch. 13 - Monopolistic Competition
Ch. 14 - Oligopoly
Ch. 15 - Markets for the Factors of Production
Ch. 16 - Income Inequality and Poverty
Ch. 17 - Asymmetric Information, Voting, and Public Choice
Ch. 18 - Consumer Choice and Behavioral Economics
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
Let's get schwifty... I mean, shifty!

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 Shifting Demand

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

Concept #9: 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?