Elasticity . . . … is a measure of how much buyers and sellers respond to changes in market conditions … allows us to analyze supply and demand with greater precision
In a free, unregulated market system, market forces establish equilibrium prices and exchange quantities. While equilibrium conditions may be efficient, it may be true that not everyone is satisfied
JB=Beam ion (and neutralizer electron current) JE=cathode emitted current Jc=ion current to cathode- potential surfaces JD=current through disch. power supply
Outline Demand and supply of financial analysis Basic analytical procedures Analysis methods Comprehensive analysis of financial ratios The limitations of financial analysis
9-1: Aggregate Supply 9-2: Aggregate Demand 9-3: Equilibrium Output in the Short and the Medium Run 9-4: The Effects of a Monetary Expansion 9-5: A Decrease in the Budget Deficit 9-6: Changes in the Price of Oil 9-7: Conclusions
10. More on Production a. Derived Demand-Marshall's Laws b. Long Run/Short Run, LeChatelier, Dynamics C. Aggregating Supply d. Theory of the Firm, the Holdup Problem e. Agency Issues f. Application: The Coase Theorem