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Economics: Shifts in Demand and Supply

   

Added on  2020-02-05

14 Pages2842 Words34 Views
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Economics
Economics: Shifts in Demand and Supply_1

TABLE OF CONTENTSIntroduction......................................................................................................................................3Market Equilibrium..........................................................................................................................3Effect of Technology on Product Market Equilibrium................................................................3Implication for national economy if various firms are affected by the technology.....................7Conclusion.......................................................................................................................................9References......................................................................................................................................102
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INDEX OF TABLESTable 1: Changes in equilibrium due to shift in demand curve......................................................4Table 2: Changes in equilibrium due to shift in supply curve........................................................63
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ILLUSTRATION INDEXIllustration 1: Shift in equilibrium...................................................................................................5Illustration 2: Downward shift in equilibrium due to change in demand curve..............................7Illustration 3: Shift in supply curve and change in equilibrium price..............................................84
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