曼昆经济学原理04-供给需求及市场力量
71页1、,The Market Forces of Supply and Demand,Chapter 4,The Market Forces of Supply and Demand,Supply and demand are the two words that economists use most often. Supply and demand are the forces that make market economies work. Modern microeconomics is about supply, demand, and market equilibrium.,Markets,A market is a group of buyers and sellers of a particular good or service. The terms supply and demand refer to the behavior of people . . . as they interact with one another in markets.,Markets,Buy
2、ers determine demand.,Sellers determine supply.,Market Type: A Competitive Market,A competitive market is a market. . .,with many buyers and sellers.,that is not controlled by any one person.,in which a narrow range of prices are established that buyers and sellers act upon.,Competition: Perfect and Otherwise,Products are the same Numerous buyers and sellers so that each has no influence over price Buyers and Sellers are price takers,Perfect Competition,Competition: Perfect and Otherwise,Monopol
3、y One seller, and seller controls price Oligopoly Few sellers Not always aggressive competition,Competition: Perfect and Otherwise,Monopolistic Competition Many sellers Slightly differentiated products Each seller may set price for its own product,Demand,Quantity demanded is the amount of a good that buyers are willing and able to purchase.,Law of Demand,The law of demand states that there is an inverse relationship between price and quantity demanded.,Demand Schedule,The demand schedule is a ta
4、ble that shows the relationship between the price of the good and the quantity demanded.,Demand Schedule,Determinants of Demand,Market price Consumer income Prices of related goods Tastes Expectations,Demand Curve,The demand curve is the downward-sloping line relating price to quantity demanded.,Demand Curve,$3.00,2.50,2.00,1.50,1.00,0.50,2,1,3,4,5,6,7,8,9,10,12,11,Price of Ice-Cream Cone,Quantity of Ice-Cream Cones,0,Ceteris Paribus,Ceteris paribus is a Latin phrase that means all variables oth
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