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2.1 Equilibrium, Surplus and Shortage 1 February 14, 2011

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Page 1: 2.1 - Equilibrium, Surplus and Shortagejimfisher72.weebly.com/uploads/7/3/9/...surplus_and... · Demand illustrates how buyers behave, and supply illustrates how sel lers behave

2.1 ­ Equilibrium, Surplus and Shortage

1

February 14, 2011

Page 2: 2.1 - Equilibrium, Surplus and Shortagejimfisher72.weebly.com/uploads/7/3/9/...surplus_and... · Demand illustrates how buyers behave, and supply illustrates how sel lers behave

2.1 ­ Equilibrium, Surplus and Shortage

2

February 14, 2011

Page 3: 2.1 - Equilibrium, Surplus and Shortagejimfisher72.weebly.com/uploads/7/3/9/...surplus_and... · Demand illustrates how buyers behave, and supply illustrates how sel lers behave

2.1 ­ Equilibrium, Surplus and Shortage

3

February 14, 2011

Page 4: 2.1 - Equilibrium, Surplus and Shortagejimfisher72.weebly.com/uploads/7/3/9/...surplus_and... · Demand illustrates how buyers behave, and supply illustrates how sel lers behave

2.1 ­ Equilibrium, Surplus and Shortage

4

February 14, 2011

Page 5: 2.1 - Equilibrium, Surplus and Shortagejimfisher72.weebly.com/uploads/7/3/9/...surplus_and... · Demand illustrates how buyers behave, and supply illustrates how sel lers behave

2.1 ­ Equilibrium, Surplus and Shortage

5

February 14, 2011


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