By the end of this section, you will be able to explain demand, quantity demanded, and the law of demand; identify a demand curve and a supply curve; explain supply, quantity supply, and the law of supply; and explain equilibrium,...

By the end of this section, you will be able to identify equilibrium price and quantity through the four-step process; graph equilibrium price and quantity; contrast shifts of demand and supply and movements along a demand or supply...

Determine the difference in pressure that leads to the motion of masses in an hydraulic lift and the difference in height when the piston reaches equilibrium.

This is an introduction to demand and supply. In this chapter, you will learn about the following: demand, supply, and equilibrium in markets for goods and services; shifts in demand and supply for goods and services; changes in...