https://padlet.com/nicholasthompson14/w27959irizrsvp6t By: NickThompson en-us 2022-12-03 22:09:06 UTC 2025-10-15 14:14:54 UTC hello@padlet.com https://padlet.net/icons/png/1f533.png nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407748620 Summary:
This website explains why the market equilibrium is the price at which the number of goods or services demanded is equal to the quantity supplied, with no buyers unable to find sellers and no sellers unable to find buyers. This is known as the competitive equilibrium and describes the allocation of goods and services in a perfectly competitive market. At this equilibrium, the price will equal the marginal costs, and firms will make no profit.


I chose this website because it shows how that market equilibrium occurred when quantity supplied equals quantity demanded at a given price, leading to sellers being able to sell all goods and services and buyers being able to buy all they want. The article provides an example of finding equilibrium price and quantity in a market. It focuses on the principles of market equilibrium without mentioning the government's role.]]> 2022-12-04 01:18:26 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407748620 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407749985 Summary:
This website explains how a tax on a market shifts the supply or demand curve and changes the equilibrium quantity and price. Also, how the tax may be paid by the buyer or collected by the seller and results in a reduction of gains from trade, known as a deadweight loss.

I chose this website because It explains that taxes can be imposed on either the buyer or the seller, but that, ultimately, it doesn't matter to the outcome which party pays the tax. It also discusses the concept of perfect competition and the idea that in a competitive market, firms will enter as long as they can make a positive profit, causing the market price to decrease and eventually leading to zero profits.]]> 2022-12-04 01:23:44 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407749985 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407750615 Canada's office market is slowly recovering, with three cities (Vancouver, Ottawa, and Toronto) having the lowest vacancy rates in North America. Despite the pandemic causing a reduction in office construction, 2.1 million sq ft of positive net absorption was recorded in Q3. However, much of this was due to the delivery of pre-leased new supply. If these gains are excluded, national net absorption still remained positive at 207,000 sq ft.

I chose this website because this report found that Canada's office market is doing relatively well compared to other countries, with three cities (Vancouver, Ottawa, and Toronto) having the lowest vacancy rates in North America. The report also noted that the recovery of sublet space has plateaued and that downtown tenants are prioritizing quality over cost. Unlike the first article, which discusses the general concept of market equilibrium, this article specifically focuses on the office market in Canada and provides details about the state of the market based on data from CBRE.]]> 2022-12-04 01:26:07 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407750615 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407750947 The Canadian government has proposed measures to increase the supply of housing, aiming to build 400,000 new homes per year over the next decade to address shortages and population growth. The 24 proposals, which aim to increase both market and non-market housing, will be split into four categories: increasing supply elasticity, increasing supply, reducing demand and increasing demand.

I chose this website becuse it is an example of how changes in supply and demand can affect market equilibrium. In this case, the proposed measures are intended to increase the supply of housing, which would lead to a shift in the supply curve and a new equilibrium where the quantity supplied is equal to the quantity demanded at a lower price. This is different from the other articles, which discuss market equilibrium in more general terms and do not specifically mention the impact of changes in supply and demand on equilibrium.]]> 2022-12-04 01:27:23 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2407750947 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408294914 In this video, Mr. Willis discusses how market equilibrium is when the price of a good or service is optimal for both consumers and producers. He uses the example of a car dealership to illustrate the interaction between consumers and firms in the product market, where both parties benefit from voluntary exchange. The equilibrium occurs when the quantity of goods or services demanded by consumers equals the quantity supplied by firms, and the market is allocated efficiently. Mr. Willis also discusses the role of the demand and supply curves in determining the equilibrium point.

I selected this video because it concisely explains how the demand and supply curves are used to determine the equilibrium point in a market. The speaker uses real-world examples to show how consumers and firms interact in the product market through voluntary exchange. One unique aspect of the video is the explanation of market shortages and how they can affect the equilibrium point. Overall, I found the video to be informative and helpful in understanding the concepts of demand, supply, and equilibrium.]]> 2022-12-04 22:01:45 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408294914 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408309464 Summary:
In this YouTube video, the speaker discusses how changes in supply and demand can affect the equilibrium price and quantity in a market. The video uses the example of the apple market to illustrate how changes in factors, such as the invention of disease-resistant apples and the release of a study on how apples prevent cancer, can shift the supply and demand curves, respectively. The video also explains how a supply or demand curve shift can affect the equilibrium price and quantity. Finally, the video provides examples of how the equilibrium price and quantity can go up or down depending on the direction of the shift.

I selected this video because it explains how changes in supply and demand can impact the equilibrium price and quantity in a market. What sets this video apart is that it uses a specific example of the apple market to show how changes in factors, such as the invention of disease-resistant apples and the release of a study on how apples prevent cancer, can shift the supply and demand curves. This example helps to clarify the concept of how shifts in supply and demand can affect the equilibrium point.]]> 2022-12-04 22:32:51 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408309464 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408310452 Summery:
In this video, the speaker discusses the current state of the economy in Canada. The speaker explains that the dominant force driving the economy has shifted from cheap money to inflation, which drives up prices and eats into purchasing power. Higher interest rates are expected to slow the economy and may even cause a recession. The speaker also notes that Canada has the best first-quarter growth rate in the OECD and that surging energy prices have been a contributing factor. Finally, the speaker discusses how inflation can change behaviour to amplify a potential downturn.

I chose this video because it demonstrates how economic changes affect market equilibrium. Also, how the dominant force driving the economy has shifted from cheap money to inflation and is causing central banks to raise interest rates to keep inflation under control. The video also suggests that this could slow down the economy and cause a recession. This information was useful in understanding how shifts in the economy can impact markets.

]]> 2022-12-04 22:34:56 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408310452 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408310945 Summery:
This video explains the concept of demand and supply equilibrium. The speaker uses the example of the market for vanilla ice cream to show how a surplus or shortage in a market can lead to changes in price and how the market reaches an equilibrium point where the quantity demanded and supplied are equal. The speaker also uses a demand and supply schedule and graph to demonstrate this concept and help make it easier to understand. Overall, the video provides a clear and concise explanation of demand and supply equilibrium.

I selected this video because it thoroughly explains the concept of demand and supply equilibrium. The speaker uses a specific example of the market for vanilla ice cream to show how a surplus or shortage in a market can lead to changes in price and how the market reaches an equilibrium point where the quantity demanded and supplied are equal. This example helps to clarify the concept and is not mentioned in the other texts. Overall, I found the video informative and helpful in understanding the concept of demand and supply equilibrium.]]> 2022-12-04 22:36:14 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408310945 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408316007 I chose this image because gives you a pleasing repetition of how you need the quantity of goods or services demanded by consumers must equal the quantity supplied by firms for the market to be in equilibrium. ]]> 2022-12-04 22:48:41 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408316007 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408318286 This image is a market equilibrium graph which representation of the relationship between demand and supply, and is used for help with understanding how changes in demand and supply can affect the equilibrium point.]]> 2022-12-04 22:54:57 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408318286 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408325659 My topic is Market equilibrium, a situation in which the quantity of goods or services demanded by consumers is equal to the number of goods or services that firms supply. This is the point at which the market is most efficiently allocated, and consumers and firms can maximize their satisfaction. 

This will teach people how Market equilibrium is essential, how it helps to ensure that the allocation of goods or services in a market is efficient and fair, and how market equilibrium is a crucial concept in economics that helps to ensure the smooth functioning of the market and the overall economy.]]> 2022-12-04 23:11:49 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408325659 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408354569 A real-world example of market equilibrium would be the supply and demand for a particular product or service. For example, there is a high demand for a specific type of apple in a particular region. As a result, the apple farmers in that region will likely increase their supply of apples to meet this demand, resulting in a higher supply of apples and a lower price. This will continue until the supply of apples meets the demand, at which point the market will be in equilibrium. This means that the cost of apples will be stable, and the quantity of apples sold will be sufficient to meet the demand without being too high or too low. This is an example of how market equilibrium can occur in the real world.]]> 2022-12-05 00:08:27 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408354569 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408358044 I learned that market equilibrium is that it is a dynamic process, which means that it is constantly changing and adapting to shifts in supply and demand. For example, if there is a sudden increase in the demand for a certain product, this will likely cause the price of that product to rise, and the market will move out of equilibrium. The producers of that product will then increase their supply to meet the higher demand. However, the market will eventually return to equilibrium at a higher price and a higher quantity of product sold. This shows that market equilibrium is not a static state but a constantly evolving process.]]> 2022-12-05 00:13:47 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408358044 nicholasthompson14 https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408360798 Suppose I were able to pass on knowledge about market equilibrium to a family member or friend. In that case, the most important thing to convey is the concept of supply and demand and how they interact to determine the price and quantity of a good or service in a market. Understanding this concept is essential for understanding market equilibrium, as the balance between supply and demand determines the market price and quantity. ]]> 2022-12-05 00:18:15 UTC https://padlet.com/nicholasthompson14/w27959irizrsvp6t/wish/2408360798