Category: 02) Demand, Supply, Elasticity

Economics-Equilibrium-Analysis

In the market for any particular good X, the decisions of buyers interact simultaneously with the decisions of sellers. When the demand for Read more…

In addition to understanding how equilibrium prices and quantities change as demand and supply change, economists are also interested in Read more…

Economics-Supply

The buyers’ demand for goods is not the only factor determining market prices and quantities. The sellers’ supply of goods also plays Read more…

In every market, there are both buyers and sellers. The buyers’ willingness to buy a particular good (at various prices) Read more…

Economics Tutorials

02) Demand, Supply, Elasticity