You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Copy file name to clipboardExpand all lines: lectures/intro_supply_demand.md
+11-8Lines changed: 11 additions & 8 deletions
Original file line number
Diff line number
Diff line change
@@ -1,6 +1,15 @@
1
-
# Introduction to Supply and Demand
1
+
---
2
+
jupytext:
3
+
text_representation:
4
+
extension: .md
5
+
format_name: myst
6
+
kernelspec:
7
+
display_name: Python 3 (ipykernel)
8
+
language: python
9
+
name: python3
10
+
---
2
11
3
-
+++
12
+
# Introduction to Supply and Demand
4
13
5
14
## Outline
6
15
@@ -98,8 +107,6 @@ Let's remember the quantity $q$ given by equation {eq}`eq:old1` that a social pl
98
107
We'll compare it to the quantity that emerges in a competitive equilibrium
99
108
equilibrium that equates supply to demand.
100
109
101
-
+++
102
-
103
110
### Competitive Equilibrium
104
111
105
112
Instead of equating quantities supplied and demanded, we'll can accomplish the same thing by equating demand price to supply price:
@@ -136,12 +143,8 @@ In addition
136
143
137
144
* we'll derive **supply curves** from the problem of a producer who is price taker and maximizes his profits minus total costs that are described by a **cost function**.
0 commit comments