Markets in Action
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Transcript of Markets in Action
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Markets in Action
CHAPTER
4
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2Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 1 THE EFFECTS OF SHIFTS IN DEMAND ON MARKET EQUILIBRIUM
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3Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 2 THE EFFECTS OF SHIFTS IN SUPPLY ON MARKET EQUILIBRIUM
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4Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 4 TREND OF EQUILIBRIUM PRICES OVER TIME
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5Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 5 RENT CONTROL RESULTS IN A SHORTAGE OF RENTAL UNITS
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6Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 6 A MINIMUM WAGE RESULTS IN A SURPLUS OF LABOR
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7Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 7 RIGGING THE PC MARKET
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8Tucker Economics for Today, 4e • Ch 4 Markets in Action© 2005 Thomson/South-Western
EXHIBIT 8 EXTERNALITIES IN THE STEEL AND AIDS VACCINATION MARKETS