Supply & Demand

Buy low and sell high!

Buy low and sell high!: The law of supply and demand states that the price of any good will adjust to bring the quantity supplied and quantity demanded into balance.

- Song of the South
  - 0
  - 5 1
  - Music
- Blood Diamond
  - 0
  - 5 1
  - Film Clips
- Karaoke Experiment
  - 0
  - 5 1
  - Lecture Clips
- Reno
  - 0
  - 5 1
  - Music
prev 1-4 of 58 next
- Back to the Future: T...
  - 0
  - 5 2
  - Office Hours
- Changing Demand and S...
  - 0
  - 5 27
  - Office Hours
- Finding the Market
  - 0
  - 5 30
  - Office Hours
- Change in Demand vs. ...
  - 0
  - 5 13
  - Office Hours
prev 1-4 of 8 next
- Do It For Denmark
  - 0
  - 5 1
  - TV Clips
- Moroccan Christmas
  - 0
  - 5 6
  - TV Clips
- Something Wall-Mart T...
  - 0
  - 2 5
  - TV Clips
- Price Gouging
  - 0
  - 0 0
  - TV Clips
prev 1-4 of 15 next
- Blood Diamond
  - 0
  - 5 1
  - Film Clips
- Stalag 17
  - 0
  - 5 1
  - Film Clips
- Confessions of a Shop...
  - 0
  - 5 1
  - Film Clips
- Just Go With It
  - 0
  - 5 4
  - Film Clips
prev 1-4 of 13 next
- Karaoke Experiment
  - 0
  - 5 1
  - Lecture Clips
- What's Your Price?
  - 0
  - 5 24
  - Lecture Clips
- Demonstrating Equilib...
  - 0
  - 5 18
  - Lecture Clips
- What's Your Price?
  - 0
  - 0 0
  - Lecture Clips
prev 1-4 of 4 next
- Song of the South
  - 0
  - 5 1
  - Music
- Reno
  - 0
  - 5 1
  - Music
- Gasoline
  - 0
  - 5 3
  - Music
- Ride Wit Me
  - 0
  - 4 1
  - Music
prev 1-4 of 17 next

Real World Examples

Off-season resorts

Companies supply goods and services. Customers want to obtain the goods and services that companies supply. This exchange happens through prices that are established in markets. Those prices change, depending on the level of demand for a product and how much is supplied.

For instance, hotel rates near Disney World are reduced in the fall when demand is low, and peak in March when demand is high. If spring break takes you to a ski resort, you will find lots of company and high prices. But if you are looking for an outdoor adventure during the summer, ski resorts have plenty of lodging available at great rates.
Seafood demand

Sol, at Pike Place Fish Market, and the other seafood vendors must respond to price changes by adjusting what they offer for sale in the market.

This is why Sol offers more salmon when the price of salmon rises, and less salmon when the price declines.

prev 1 of 2 next

Advice for Students

Anonymous asked:
How do you know when to slide along a curve as oppo...: Dirk Deciphers: Focus on the laws of supply and demand. ... more

View More

Who's Dirk?: More on the man, himself. Meet Dirk

Econ Media Library: Check out multimedia tools, videos and more in our Media Library