Chapter 5 SUPPLY .
Chapter 13 Pricing concepts. Learning objectives 1Discuss the importance of pricing decisions to the economy and to the individual organisation 2List.
Elasticity 04 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Pricing Concepts Setting the Right Price. The Importance of Price To the consumer... Price is the cost of something In the broadest sense, price allocates.
C HAPTER 5: S UPPLY Get Books/Workbooks/Notes Ready Fill out pg. 41 as Warm-up for Supply Copy down Chart on pg. 109.
Chapters 4, 5 & 6. Demand – the desire to own something and the ability to pay for it. Law of Demand – consumers will buy more of a good when its.
Responding to Price Changes (Elasticity of Demand & Supply)
