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DEMAND, SUPPLY AND MARKET EQUILIBRIUM (Demand (Shifts in demand curve…

- - - - change that alters the quantity demanded at every price
- - - - Movement along of the curve
    - - Shifts to left or right in supply curve
    - - Input price, technology, expectations & number of sellers
- - - - same product
      - many buyers and sellers and they are price takers
    - - One seller and sellers controls the price
    - - Few sellers
      - always not an aggressive competition
    - - Many sellers
      - Slightly different products
      - price set by the sellers