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Potential Supply and Demand Curves
Drawing a supply curve
Market equilibrium scenarios
Quantity supplied and quantity demanded
What happens if price and quantity increase too much?
What is quantity demanded?
What happens in a surplus situation
What happens to the demand curve as the price decreases?
What is market equilibrium?
Equilibrium quantity
Supply and Demand Dynamics
Excess Demand and Consumer Surplus
Change in Market Size
The Role of the Shapes of the Supply-Demand Curves
Applying Supply and Demand Curves
The Concept of Compensatory Variation
Consumer Surplus When Demand is Perfectly Elastic
Comparing Consumer Surplus Under Different Demand Curves
Marginal Cost = Average Cost
Factors Affecting Supply in the Long Run