DEMAND AT SUPPLY Flashcards by Jessica Lein Cristobal | Brainscape

Q

Kakayahan + Kagustuhan

A

Demand

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Q

UP demand = DOWN price

vice versa

A

Law of Demand

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Q

Equation of Qd

A

Qd = a - bP

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Q

Demand curve

A

Downward slopping (para ipakita ang inverse relationship ng demand at price)

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Q

MGA SALIK

A

POPULATION
UP population = UP demand

KITA
UP kita = UP capacity

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Q

MGA SALIK

A

MORE ON BOOK, PAGES 157 - 159

JUST ANALYZE, NO NEED TO READ THE WHOLE

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Q

Tumataas ang kita ng tao, bumababa ang presyo ng bilihin

A

Inferior goods

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Q

CURVES

A

Pataas = bumababa Qd

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Q

Paglipat ng demand

A

UP demand = pakanan
DOWN demand = pakaliwa

the price is constant, ‘di nagbabago

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Q

Pagnanais + Kakayahan

A

Supply

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Q

Equation

A

Qs = -a + bP

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Q

Law of Supply

A

UP price = UP supply

vice versa

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Q

MGA SALIK

A

MORE ON PAGES 177-178

NO NEED TO READ THE WHOLE THING, JUST ANALYZE

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Q

Curves

A

UP Qs = pataas

DOWN Qs = pababa

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