Powerpoint Demand and supply

Unit 5 Unit 5 Demand and supply Unit 5 demand and supply 1 Demand 2 Supply 3 Equilibrium VOCABULARY Demand cầu a need for goods or services that customers want to buy or use increasingrisinggrowing.

Unit : Demand and supply Unit :demand and supply Demand Supply Equilibrium VOCABULARY • Demand: cầu a need for goods or services that customers want to buy or use: increasing/rising/growing demand declining/falling/slowing demand • • • • • • • • Quantity demanded: lượng cầu Price of a good: giá hàng hóa Demand curve: đường cầu Curve: đường cong Shift factors: yếu tố phi giá (shifters), non-price factors, Movement: di chuyển Move (v) Shift (v) + (n) dịch chuyển, dịch chuyển • • a decline/drop/shift in demand Colorful Ceramics hope to tap into the demand for products made out of recycled materials • • a rise/increase/boom in demand demand rises/grows/falls As populations age, demand rises for ever more complex and expensive health treatments Demand (v) Demand sth/ demand to sth- cần gì/ cần làm • • The library demanded $5 for each book returned late [ + to infinitive ] I demand to see the person in charge Quantity (n) the amount or number of something, especially that can be measured: • • • Police found a large/small quantity of drugs in his possession • They are now developing ways to produce the vaccine in large quantities and cheaply We consumed vast quantities of food and drink that night The (sheer) quantity (= large amount) of equipment needed for the trip is staggering Supply (v) to provide materials, or goods and services: • supply sth to sb/sth They supply parts to the automotive industry Electrical power is supplied by underground cables We supply systems for clients on the Pacific rim • • • supply sb/sth with sth All employees are supplied with safety equipment They were not able to supply us with the relevant data Specific (adj) relating to one particular thing and not others: • A specific provision in the agreement stated that research materials should not be used for commercial purposes • • • quantity of sth A sudden surge in the quantity of stock available would almost certainly depress the price huge/large/vast quantity Asian central banks have been buying huge quantities of Treasury bonds in large/small quantities Supermarkets, being able to buy in large quantities, can offer their customers the best prices Supply (v) to provide materials, or goods and services: supply sth to sb/sth – cung cấp cho • • • They supply parts to the automotive industry Electrical power is supplied by underground cables We supply systems for clients on the Pacific rim Demand curve Society’s income Prices of other goods Shift factor of demand Expectation Tastes Supply Definitions: - “Supply” refers to all possible quantities of a good or a service that the sellers are able and willing to sell at all possible prices - “Quantity supplied” refers to a particular quantity of a good that the sellers are able and willing to sell at a particular price • “Supply” refers to all possible quantities of a good or a service that the sellers are able and willing to sell at all possible prices • Cung tất lượng hàng hóa hay dịch vụ mà người bán muốn bán tất mức giá “Quantity supplied” refers to a particular quantity of a good that the sellers are able and willing to sell at a particular price Lượng cung diễn tả lượng cụ thể hàng hóa mà người bán muốn bán mức giá cụ thể Supply ce of price of a good on its supply: ther things are kept constant, if price of a good es its quantity supplied will increase Or price antity supplied of a good are positively related change causes a movement along a given supply • • when other things are kept constant, if price of a good increases its quantity supplied will increase Or price and quantity supplied of a good are positively related A price change causes a movement along a given supply curve • • Khi yếu tố khác khơng đổi, giá hàng hóa tăng, lượng cung tăng Hoặc giá lượng cung hàng hóa quan hệ tỷ lệ thuận Sự thay đổi giá tạo di chuyển đường cung What will happen to demand of a good if one of the shift factors • The whole demand curve will shift to the right or to the left increases or decreases?/ How shift factors influence/ affect demand of a good? • If one of the shift factors increases or decreases, the whole demand curve will shift to the right or to the left • What will happen to demand of a good if national incomes increase? • if national incomes increase, the demand curve will shift to the right Supply shift factors of supply Changes in prices of inputs Supplier’s expectation shift factors of supply Technology taxes Supply the influence of shift factors on sellers (supply) : A change in one of shift factors causes the whole supply curve shift to the left or to the right • The technological development helps firms to produce goods in large quantities, so the aggregate supply will increase Then the supply curve will shift to the right (Phát triển cơng nghệ giúp doanh nghiệp sản xuất hàng hóa với số lượng lớn, tổng cung tăng Khi đường cung dịch sang bên phải) • When the governments imposes more tax on a particular good, the supply of that good can decrease (Khi phủ đánh thêm thuế vào mặt hàng cụ thể đó, cung hàng hóa giảm.) Equilibrium Equilibrium point is the point at which the supply curve and demand curve meet each other (intersect) • The influence of demand on prices: When demand of a good increases, its price will increase (Khi cầu hàng hóa tăng, giá tăng.) • The influence of supply on prices: When supply of a good increases, its price will decrease (Khi cung hàng hóa tăng, giá giảm.) ...Unit :demand and supply Demand Supply Equilibrium VOCABULARY • Demand: cầu a need for goods or services that customers want to buy or use: increasing/rising/growing demand declining/falling/slowing... more complex and expensive health treatments Demand (v) Demand sth/ demand to sth- cần gì/ cần làm • • The library demanded $5 for each book returned late [ + to infinitive ] I demand to see the... resources and their preferences Demand curve is limited f price of a good on its demand things are kept constant, if price of a good t’s quantity demanded will increase and Or price and quantity demanded