The Determination of Price

Abstract: This 5 page paper considers to role of supply and demand on price. Graphs are included to illustrate the ways in which price equilibrium may be influenced by different external factors such as substitutes and durability. The idea of price elasticity is also discussed. The paper uses an example of a small house building firm and house buyers to illustrate the effect of supply and demand. The paper includes two comprehensive graphs. The bibliography cites 3 sources.

Filename: TEsdhoub.wps

Pages: 5

---

Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

---