Thursday, May 29, 2008

ceteris paribus

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" Ceteris paribus " is a Latin phrase that is generally translated as "all other things being equal" or "with all o...
Wednesday, May 28, 2008

Supply & Demand - Questions for Further Study

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1. Using supply & demand. Use supply and demand analysis to illustrate the likely effects of a hurricane in Florida on the equilibrium ...
1 comment:
Monday, May 26, 2008

Rent Controls

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INSERT DIAGRAM HERE. Rent Controls Many cities in the United States and the rest of the world have rent controls. The primary motive for re...
37 comments:
Sunday, May 25, 2008

Price Ceilings

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A price ceiling sets a maximum price that can be legally charged in a market. It is binding if the price ceiling is below the equilibrium p...
1 comment:
Saturday, May 24, 2008

Minimum Wage Laws

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INSERT DIAGRAM HERE The Minimum Wage Should we have a minimum wage in the United States? Most people who support minimum wage laws feel they...
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Friday, May 23, 2008

Price Floors

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INSERT DIAGRAM HERE
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Thursday, May 22, 2008

Price Controls

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INSERT DIAGRAM HERE Economists use supply and demand analysis to examine most issues that affect the economy. For example, the supply &...
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Wednesday, May 21, 2008

A Decrease in Supply & Demand

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When supply and demand both decrease, the equilibrium quantity will decrease, but the equilibrium price may be unchanged, increase or decrea...
1 comment:
Tuesday, May 20, 2008

A Decrease in Supply & an Increase in Demand

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Click on the illustration to enlarge it. A decrease in supply is illustrated by a shift of the supply curve to the left. A decrease in supp...
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Monday, May 19, 2008

An Increase in Supply & a Decrease in Demand

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Both curves shift in this case. An increase in supply is illustrated by a shift of the supply curve to the right. An increase in supply can...
16 comments:
Sunday, May 18, 2008

An Increase in Supply & Demand

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Both curves shift in this case. An increase in supply is illustrated by a shift of the supply curve to the right. An increase in supply can...
7 comments:
Saturday, May 17, 2008

Shifts in Supply & Demand

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INSERT DIAGRAM HERE.
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Friday, May 16, 2008

A Decrease in Supply

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Click on the diagram above to enlarge it. An decrease in supply is represented by a shift of the supply curve to the left. Ceteris paribus ,...
3 comments:

An Increase in Supply

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An increase in supply is represented by a shift of the supply curve to the right. Ceteris paribus , in the new equilibrium: Supply has incre...
2 comments:

Shifts in Supply

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INSERT DIAGRAM HERE. How Shifts in SUPPLY Affect the Market Equilibrium The following example illustrates how a change in supply changes the...
1 comment: