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Highlights Chapter 4 & 5 Econ 4140 Greg Mason

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Highlights Chapter 4 & 5. Econ 4140 Greg Mason. Valuation in efficient markets – no affect on price. Valuation in efficient markets – supply reduces price. Consumer surplus ↑. Producer surplus ↓. “Free”q causes price to fall. - PowerPoint PPT Presentation

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Page 1: Highlights Chapter 4 & 5

Highlights Chapter 4 & 5

Econ 4140

Greg Mason

Page 2: Highlights Chapter 4 & 5
Page 3: Highlights Chapter 4 & 5

Valuation in efficient markets – no affect on price.

Page 4: Highlights Chapter 4 & 5

Valuation in efficient markets – supply reduces price

Consumer surplus ↑

Producer surplus ↓

“Free”q causes price to fall

Page 5: Highlights Chapter 4 & 5
Page 6: Highlights Chapter 4 & 5
Page 7: Highlights Chapter 4 & 5
Page 8: Highlights Chapter 4 & 5
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