Material Detail

The purpose of this interactive technical note is to help students to learn and comprehend the effect of changes in the variables of supply and demand in a microeconomic market assuming perfect competition. Students can interact with both curves and see the equilibrium process in terms of prices and quantities exchanged. The program assumes that students are familiar with the underlying concepts of the graphic representation of a market with perfect competition. For a better understanding of the main effects of the changes in the curves, this graphic resource allows students to make only one move per curve and does not envisage changes in the curves´ elasticity. Students can interact with both curves (demand and supply) either separately or jointly. There are also simple exercises that enable students to test their comprehension of how the market works and check their answers through interaction with the graphic.

This will delete the comment from the database. This operation is not reversible. Are you sure you want to do it?

Thank you for reporting the broken link in MERLOT to help us maintain a collection of valuable learning materials.

If you know the NEW link for the material, please enter in the field below. Otherwise, leave the field blank.

If you are logged in member of MERLOT, we can notify you when the link is fixed.

If you feel this material is inappropriate for the MERLOT Collection, please click SEND REPORT, and the MERLOT Team will investigate. Thank you!