AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Supply and demand

economic principles

Subject: 
Rating: 
0
No votes yet

Economic Principles ? PAGE \* MERGEFORMAT ?1? ECONOMIC PRINCIPLES Student?s name Course Name Instructor Institution State/City Date Economic Principles Question two Products made from crude oil There are several products that use crude oil as the main input, some of them include, Petrochemicals, Liquefied petroleum gas, Gasoline, Naphtha, fuel oil, bitumen, and niche products. Ideally, there are many oil producing countries in the world. The top ten largest oil producing countries are as follows: United States, Saudi Arabia, Russia, China, Canada, United Arab Emirates, Iran, Iraq, Mexico, and Kuwait.

2006_form_b.pdf

Subject: 
Rating: 
0
No votes yet

AP? Macroeconomics 2006 Free-Response Questions Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and

2009_form_b.pdf

Subject: 
Rating: 
0
No votes yet

AP? Macroeconomics 2009 Free-Response Questions Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools and 3,800 colleges through major programs and services in college readiness, college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT?, the PSAT/NMSQT? and the Advanced

2010.pdf

Subject: 
Rating: 
0
No votes yet

AP? Macroeconomics 2010 Free-Response Questions The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,800 colleges through major programs and services in college readiness, college admission, guidance, assessment, financial aid and enrollment. Among its widely recognized programs are the SAT?, the PSAT/NMSQT?, the Advanced Placement Program?

2010_form_b.pdf

Subject: 
Rating: 
0
No votes yet

AP? Macroeconomics 2010 Free-Response Questions Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,800 colleges through major programs and services in college readiness, college admission, guidance, assessment, financial aid and enrollment. Among its widely recognized programs are the SAT?, the PSAT/NMSQT?, the Advanced Placement Program?

Krugman AP Macroeconomics Module 19

Subject: 
Rating: 
0
No votes yet

Module 19: Equilibrium in the Aggregate Demand-Aggregate Supply Model -The difference between short-run and long-run macroeconomic equilibrium -The causes and effects of demand shocks and supply shocks -How to determine if an economy is experiencing a recessionary gap or an inflationary gap and how to calculate the size of output gaps The AD?AS Model: the aggregate supply curve and the aggregate demand curve are used together to analyze economic fluctuations Price shock: dramatic fall in short-run aggregate supply Short-Run Macroeconomic Equilibrium: when the quantity of aggregate output supplied is equal to the quantity demanded Short-run equilibrium aggregate output: the quantity of aggregate output produced in the short-run macroeconomic equilibrium

Krugman AP Macroeconomics Module 18

Subject: 
Rating: 
0
No votes yet

Module 18: Aggregate Supply -How the aggregate supply curve illustrates the relationship between the aggregate price level and the quantity of aggregate output supplied in the economy -What factors can shift the aggregate supply curve -Why the aggregate supply curve is different in the short run from in the long run ? Aggregate Supply Aggregate Supply Curve: relationship between the aggregate price level and the quantity of aggregate output supplied in the economy The Short-Run Aggregate Supply Curve: relationship between the aggregate price level and the quantity of aggregate output supplied that exists in the short run Rise in the aggregate price level = rise in the quantity of aggregate output supplied

Krugman AP Macroeconomics Module 17

Subject: 
Rating: 
0
No votes yet

Module 17: Aggregate Demand -How the aggregate demand curve illustrates the relationship between the aggregate price level and the quantity of aggregate output demanded in the economy -How the wealth effect and interest rate effect explain the aggregate demand curve?s negative slope -What factors can shift the aggregate demand curve Aggregate Demand Curve: shows the relationship between the aggregate price level and the quantity of aggregate output demanded Downward sloping: wealth effect of a change in the aggregate price level and the interest rate effect of a change in the aggregate price level Negative relationship between the aggregate price level and the quantity of aggregate output demanded

Krugman AP Macro Economics Chapter 8

Subject: 
Rating: 
0
No votes yet

?? Chapter 8: Supply and Demand: Price Controls (Ceilings and Floors) Price controls: legal restrictions on how high or low a market price may go, government action in economy price ceiling: a maximum price sellers are allowed to charge for a good or service price floor: a minimum price buyers are required to pay for a good or service. Assumption: the markets in question are efficient before price controls are imposed price controls in inefficient markets don?t necessarily cause problems and can potentially move the market closer to efficiency Price Ceilings ? Push Prices down Price Ceiling: suppliers have less incentive to offer apartments less of a good are produced Consumer have higher demand shortage of good

Krugman AP MacroEconomics Chapter 7

Subject: 
Rating: 
0
No votes yet

?? Chapter 7: Supply and Demand: Changes in Equilibrium ? substitutes: if the price of good1 rises, the demand for good2 will increase if the price of good1 falls, the demand for good2 will decrease An increase in demand leads to a rise in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a fall in both the equilibrium price and the equilibrium quantity. Increase in demand: rightward shift of the demand curve market is no longer in equilibrium shortage: quantity demanded exceeds quantity supplied price rises increase in the quantity supplied upward movement along the supply curve new equilibrium When demand for a good or service increases, the equilibrium price and the equilibrium quantity of the

Pages

Subscribe to RSS - Supply and demand

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!