https://padlet.com/ryan_handley/4e2q10oa2pxf By Ryan Handley en-us 2018-04-18 16:07:54 UTC 2024-12-09 05:55:11 UTC hello@padlet.com ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253076103 This project will describe the attributes of market equilibrium, and what it means for the every day person. 
Market equilibrium is state of where the market demand is equal to the market supply. Since the two are the same, this means that the price should not change unless some sort of outside action has an effect on either the supply or the demand]]> 2018-04-18 16:10:27 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253076103 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253088878 By Ryan Handley]]> 2018-04-18 16:34:29 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253088878 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253093285 In this video, they do a great job explaining what happens when the demand of a product either exceeds, meets, or doesn't meet the markets need. Using an example of apples, it shows that when a products price is low, the market will demand more at a lower price. When the price is high, the market will demand less. Market equilibrium is that sweet spot where the price is low enough that it meets the demand of the market.]]> 2018-04-18 16:43:57 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253093285 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253170972 With market equilibrium explained, this video explains what happens to a product when the supply and demand changes to do different outside factors. This shows how the market equilibrium can be fluid based on what factors that can affect the customers demand and the manufacturers ability to supply.  I liked the different examples on the affect of the apple market that would lead to an increase or decrease in price.

]]> 2018-04-18 19:05:42 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253170972 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253175687 This video uses different examples to explain market equilibrium. It does cover all the same topics though, using market supply vs demand, and the effect it has in the price sold and the quantity demanded.]]> 2018-04-18 19:16:51 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253175687 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253183383 While this website covers many of the topics that can affect market equilibrium, It brings up an interesting term called market clearing. This is where the market has reached equilibrium, and there is no wastage of a product, because all of the product supplied is being bought out by the customer. This also means that the market should not experience any shortages as long as there are no outside forces that affect the market.]]> 2018-04-18 19:37:42 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253183383 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253237412 This website has a quick and simple format to explain and show how market equilibrium works. It explains and shows how if the market demand increases, the supply will increase, and therefore the manufacturer can demand a higher price. Same goes if the demand decreases, the manufacturer will go into a surplus, and will have to drop the price in order to sell more units.]]> 2018-04-19 00:21:59 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253237412 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253239959 This website emphasizes that there will always be a point where the supply and the demand will meet, called the point of equilibrium. It uses examples showing a graph, as well as a table, to show where the point of equilibrium will exist. The website brought forward a new definition, called "equilibrium quantity", which means the the amount that customers want to buy is equal to the amount supplied by the manufacturer]]> 2018-04-19 00:38:11 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253239959 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253241574 This image shows the price versus the quantity, and how the supply can meet the demand at create a point of equilibrium

]]> 2018-04-19 00:48:17 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253241574 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253242120 This picture shows the price of bacon, and how at $6, the quantity demanded meets the quantity supplied.

]]> 2018-04-19 00:51:04 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253242120 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253242436 This table demonstrates and shows the differences of a market in shortage, equilibrium, in surplus, and their effect on pricing.

]]> 2018-04-19 00:52:54 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253242436 ryan_handley https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253245743 2018-04-19 01:10:50 UTC https://padlet.com/ryan_handley/4e2q10oa2pxf/wish/253245743