unit 5: demand and supply

vocabulary ˈfæk·tər ek·spekˈteɪ·ʃən Teɪst dɪˈmænd.kɜrv səˈplɑɪ kɜrv ˌtɜː.mɪˈnɒl.ə.dʒi ˈɪl.ə.streɪt ˈkɑn·stənt ɡræf rɪˈzʌlt ɪmˈpruv·mənt Factor : yếu tố Expectation: kỳ vọng, mong

welcome to our presentation

" supply and demand"

Members of group 3:

• 1 Ho Thi Han

• 2 Bui Duc Phuc

• 3 Vu Minh Tan

I vocabulary

ˈfæk·tər

ek·spekˈteɪ·ʃən

Teɪst

dɪˈmænd.kɜrv

səˈplɑɪ kɜrv

ˌtɜː.mɪˈnɒl.ə.dʒi

ˈɪl.ə.streɪt

ˈkɑn·stənt

ɡræf

rɪˈzʌlt

ɪmˈpruv·mənt

Factor : yếu tố Expectation: kỳ vọng, mong đợi Taste: thị hiếu

Demand curve: đường cầu Supply curve: đường cung Terminology: thuật ngữ illustrate: minh họa Constant: không đổi Graph: đồ thị

Result: kết quả Improvement: sự cải thiện

I Vocabulary (next):

i·kwəˈlɪb·ri·əm

ˈri·zən

def·əˈnɪʃ·ən

ˈi·kwəl

ˌɪn·tərˈsekt

hɔr·əˈzɑn·təl

fɔrs

ɪkˈses

ɪnˈsen·tɪv

ˈmɪn·ə·məm ˌweɪdʒ

ˈmɑr·kɪt ˈmek·əˌnɪz·əm

Equilibrium: trạng thái cân bằng

Reason: nguyên do Definition: định nghĩa Equal: bằng

Intersect: giao nhau Horizontal: nằm ngang Force: yếu tố

Excess: dư thừa Incentive: khuyến khích

Minimum wage: lương tối thiểu

Market machanism: cơ chế thị trường

Summary the last lesson

III answer the questions:

1.what is the definition of "demand"?

demand" is the consumer's willingness and ability to pay for a price for a specific goog or service

2 what is the difference between "demand"

and "quantity demanded"?

a change in quantity demanded is brought by a change

in price while a change in demand is brought by a

change in shift factors, such as society's income, prices

of other goods, expectations and tastes

3.what factors cause the whole demand curve shift to the left or to the right?

the factors cause the whole demand curve shift to the left or to the right are society's income, price of other

goods, expectations and tastes…

4 what is "supply"?

"supply" is the amount of product that producers are willing and able to sell at a certain price

5 what is the difference between

"supply" and "quantity supplied"?

a change in quantity supplied is brought by a

change in price while a change in supply is

brought by a change in prices of inputs,

technology, taxes, and supplier's expectations

III answer the questions (next):

6 when is a market in equilibrium?

a market will be in equilibrium when there is no reason for the market price of the product to rise or to fall

7 why does the price of air condition rise in the

summer?

temperature increases in the summer causes consummer's

demand for air condition will increase when demand is more than supply will lead to an excess demand that is why the price of air condition rises in the summer

8 what is the role of demand and supply?

relationshipsupply and demand play important role in regulating market by price because their makes equilibrium price of the market in addition, supply and demand tell us about possible price level will exist in the market in a given time period

The End

Thank for listening