Ch. 3 - Supply and DemandWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Macroeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Price Floors
Ch. 6 - Introduction to Taxes
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - Introducing Economic Concepts
Ch. 11 - Gross Domestic Product (GDP) and Consumer Price Index (CPI)
Ch. 12 - Unemployment and Inflation
Ch. 13 - Productivity and Economic Growth
Ch. 14 - The Financial System
Ch. 15 - Income and Consumption
Ch. 16 - Deriving the Aggregate Expenditures Model
Ch. 17 - Aggregate Demand and Aggregate Supply Analysis
Ch. 18 - The Monetary System
Ch. 19 - Monetary Policy
Ch. 20 - Fiscal Policy
Ch. 21 - Revisiting Inflation, Unemployment, and Policy
Ch. 22 - Balance of Payments
Ch. 23 - Exchange Rates
Ch. 24 - Macroeconomic Schools of Thought
Ch. 25 - Dynamic AD/AS Model
Ch. 26 - Special Topics

Concept #1: Shifting Demand - Warning!

Concept #2: Shifting Right and Shifting Left

Concept #3: Consumer Income: Normal Goods and Inferior Goods

Example #1: Consumer Income

Concept #4: Substitute Goods

Example #2: Substitute Goods

Concept #5: Complementary Goods

Example #3: Complementary Goods

Concept #6: Consumer Preferences

Example #4: Consumer Preferences

Concept #7: Consumer Expectations

Example #5: Consumer Expectations

Concept #8: Number of Consumers

Example #6: Number of Consumers

Example #7: Demand Shift Summary

Practice: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?

Practice: What happens in the market for beef jerky if customers expect a price increase in the future?

Practice: If cheese in a can is an inferior good, what happens to its market when consumer income increases?