Edited, memorised or added to reading list

on 22-Dec-2018 (Sat)

Do you want BuboFlash to help you learning these things? Click here to log in or create user.

Flashcard 1425598975244

Tags
#cfa-level #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
[...] the study of how buyers and sellers interact to determine transaction prices and quantities.

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Parent (intermediate) annotation

Open it
Demand and supply analysis is the study of how buyers and sellers interact to determine transaction prices and quantities.

Original toplevel document

1. INTRODUCTION
f individual economic units, including consumers and businesses. Microeconomics is a logical starting point for the study of economics. This reading focuses on a fundamental subject in microeconomics: demand and supply analysis. <span>Demand and supply analysis is the study of how buyers and sellers interact to determine transaction prices and quantities. As we will see, prices simultaneously reflect both the value to the buyer of the next (or marginal) unit and the cost to the seller of that unit. In private enterprise market economies,