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Lecture 4 (Demand and supply equilibrium (Causes of high supply (When…
Lecture 4
Demand and supply equilibrium
Concept
Relation of supply demand and price
Higher the price lower the supply and higher the supply
Causes of high supply
When consumer not purchase
high supply for higher sale
Relation between price and supply
It is liked dependent and independent variable
Elasticity and slop
Concept of elasticity
elasticity and human behavior
Cases of elasticity
Uni elasticity
Less elasticity
Highly elasticity
Elasticity and inelasticity
Formula of price elastic of demand
Concept of consumer behavior
Formula for supply elastic of demand
Concept of consumer behavior
determine the demand dynamic of market
It link with price
Consumer behavior and demand
Example
War demand high so price high
Calculation of consumer behavior
by policy
link with elasticity
Factor affecting consumer behavior
Special event and consumer behavior
Price high demand high and supply low
In normal situation
Price determine the demand
In abnormal situation
demand change the price
Hgher the supply lower the demand
Example
Mobile phone
Consistent demand determine the price
Made by
Azaz Ahmed (1839124)