“Denaad = Want + Purchasing Powe 2 clots the \L_Paie of _o_procluet Pt pd Cok, purchasing poses ED a 4, Grsume, yf of (on) Yb —> Dé Sacieas cation Population T—> D “A = bqebles 4 prtee_in_fatug =2e2g the cn pate a (on) edie 0%" yoieo “on > thin lomondl Tn Cove hoa ortaye t > Toste amt E nergy - prints Toso Papen High —> DT Wed bi sjset_e domed Hey FP ilability Gredlite. 4 Letoon tae fncame so» Domand! _sincsoasay wii) Paice. ue betitufe gasch:- scene seco oy een — 098 of na bht te toh ws p elon ches te sakbe he ae At pate chan Hote has’ wke alte: vache product per hota har comand dec —» but Dema altetnedive pooduct Tnegeane 4g pep: = whstitdle goa x a Pioduct [ek pooduct ki’ porat.c._ch Patce_a fem eke case Maas ce ] | tae me_so_cleme ht chem pot _clamanch elec hy a cheng hone. ee ix) Dare tm Lepage Grends ons He— apt pie — gt canand —> a phoduct coacg> ( P apnt patie —? Kit 06 i dole oe (22) conplemantou main chongs, ato. has PT = achasing power PP $2 DL 1 aor hag PT——~ Dd - ——. "di. goals Thi fab fi fill : @ Price ay 4A paaduct t Price ay 2° product J 4 7 then ite lamanel decseone “peep prow” | aeedy™ lew =P se ow: [Pep Piece Spee CO PT thon D4 > PL tenoh 900! govt cinsume_ kareiye us _gool ke unit apn ho hart Sengtth ovevide howe, kharedne chu : 01 app wok eam tape a Deminishiug _Masgenal + Utely V OT wi De ot tins if benefit , lene CO Fab henopit Ikan hog toh hua Hhastolenge bhi fam.” Pp4, cemumes__uncome _zada * then clomonh_2a la —ryani’_clemonel untgoe se bht zindla ho _xhi_hai so eta | = No change un population g44 Popelation ft — Toate "fasion 4 wlealher T —> Demancl _=>mual constant = _No_changt wn spubiae _apectobionn fod the Supectabion of shortage 4, ool) ——> Demancla ineseasey __ prow Yt Inflation change tomeno then —> teday. = Demanel * © bak 4 te psicey clecsoase uh fala —p thin —? toolay => Demand —No_ charge in Hdvestr. De ne fe tun fdstrigana 3 dis gieulr the Demancl® * eas df Demand Stedeo that “Dtmundl wal changer oluc_to pare” so we eee all othu actors hustant.” Eneeption Kimitabon yy thoes Demi NMecenaitr ; eo Uke of Conf cla Len CBicanel Loyalty ) => Senne srevet_compeomie > Demand t t Charge un ~ Inueme: =? Socine oy, Pegple T—> of = win Unkengutle >a — _“Uncetaintty —»,jutire Lupectatioay | ™ cncesean eelno YD =— Fashion Fashion t —» ot = Gil nye geod pie nada hint se Yen gore bi pemanh bash Taapox tant wptice pPt—» @ 4 Nowmal _gooi Sues peeeey = -©_Inpesion _goo 4n t TL sOnerien Demand _dlec Clog batter ys a, tote hasDParactiral Fnpottonce Dates 4) Paice Detesminak on (Merkel pstee } 2) Figm?s — clegtsian chara 3) Finance Minioter C Tehion) Stun gam Gal SO ge D tty fZz 4nvene polation un bhi Pre 4 Dp 4 4 + also comet P dr $1, " * Geankby * cheimand |_CxterisPovihur S ti Oye per Law gape mai hota 7 9:- Sissumptien wale &o i> Non- price 2othes thon price — Hil oth fadots = Ancwnns toss xemaia constant _ Aclveet sone ae ,Psefetanedt at “hae te Honepeee- 5 4 Bye _fenne Wet perce ke | ‘tHe oo args on = ‘L Canktaction ral “L Eactentiom ain os oh ee paint Seentrecien’ asthe R= A => Futewian | la-| | SURE cadaond ee eetsch Repco dumber Dele i, ein _uncime Y t—»> Nt (Right worl) ig rejerone Pa lou f ——> D4 ley tuorel i we dition wt: fan dicey a sepulabon Pt —> pt (ew , henge Patina AT 5 Dt Le) Jb tithe. Aut itu hen 1 Oke . lagticit ctitue gach @ a. ete oo ptaduct plocseuén thew Xie = J Limo. © he its ceowplemerdouy od : $ —incteust : : (ear atk : = Lo [awed aly * a Aen lantalony gooc) ve } ay Lani , it 2a forntnre usle lan Fssume that ' fr pelts once “yee pee lewd sn 0g k:_net —affoud ” on ole a = a as fos” gale Ando te _snaabit etek => vot feats for fole nv" haw ‘ “Loter® paribus” “4 pie of % z : piocluck unizeatyy tts Sal "0,1. (oe) PL pans Caneel 4, suawshity suppl dk uicereanes © anch vive : pf \ Lechuuleny —§ teehnipue — 9, ptocludion omuin Same edmology 't —5 9 t oc ) Goclizect Sub side semana Same Tak = Grdtvet tox gluayy wrt an coat Production 4 Supply _veolwo __ Tnelinect Tout f— a4 im cst Paocbutiom ‘) Ls Coot a Ubsidita => g wean é tah be -maclad hot —Hat _f2 Lonaume, _bo- bh? “cl! je calle fat 0x ptocluc, to bbe SSubitdin tb a fumomial — Gecickowee —_shich wy wiley the Srnent 10 He prboclu! oe cba gontn the produto ofehey foes Bue cA’ ywy | ae Subsidiey OY heel sah Pedi tact» root» fee be fom the gevernmtet J nalitey& s y ca ee Subse, t—> ,} Die: sy) Lrxrwtrameteh Land Mona omuny Sama = tally anociafed — 7 ath — Gpteudtoaal seco o 4, \datitanmtal conch tiesrg nsf eaaehle 5) Geweromuk _polition lo change. e ct bon pa Louhetitude g ee. b) De 7 other goby = _th in_Quantst mae in as bogey Change ey, sha 2 Ya 4 0 gules fh are anestniigl aling He. = cig Gp suppsh Cue Yy — > Ot 4 vie wea fl tons Fresponibe par change an oe change in Quantit Supplied. 1 => Cupp bird charige ole” to z Gun é a wee thete uo tas Maemunt— long tho, Supp Ay etave wn. case Guostity Supplied Conkvadian a Suppl y We ae hy ee > 5 @ Q, i.Lage in ply « Dee Lo fo ___nen-piice ie Chyt wo I é 3 Dv _ Sepp ly eu 4) Rocouse Got “hyo [Fades gy prada Loot Eluig h pile =. I il shy 4 wtouf 2) —Fachnology —> ien_Jost T—o f ian siphttoad: pect tasct—o Supply _4 —e lestuorok Subsidies t ——» Suppl pia “niahduleth 3 Noa Sellers. font fe sgh be suppl = ee ‘pepsi 8 ga eater so alesssaal Basie: ime ieee” abt aeopty gut | hte ec fe— eb ae ia x read etree = Mea hone se humm Cow t lr fi — Cow lerye Se Meat zado bika—» Caw zace—> agaur Mot 7 : : ‘ign Aaj 1” Hitle zade - Hizke eae@ Factoss ects Feeyordabian Cricea— ) re the oan (QYZE => Snene haing oft: clecluction oy tanker “Titanate of people_sicease hen _seprtaliin_ptice also set 0 stints Yt—_."_k, ft (on) Vd > Ryd 2) Substitute _Gaacle ». ys het zacl.__substitete avatlble hans i telg pti ek er eo lest Rye | Kibstibute ger ft é + > Kp COnaumes Sitch 2 ubstitute “gooch 2 Rp ft pO Ie fe? Lie 3) Zt cp, Production. t —+ Rpt aren Chet Paocluction § ——» Rp + 4) Nature Grooela - ete Perishable Graoch Duaable 900 ‘i Rp z J Rot —Cbecase shot Ifo paecluts __ Cbecause loney (0,0 _paaclucte vag a ae opel J nite ) Objects a wh en tee ch uc in. —==>_ve__chatge “the d ae —[stpe is a lox Rp => capture fhe monbel Newly entereck fie /Bustnsng J 2 RP £ ) other factors las) = amaurd rub rclity — Tau = Srp lusron & 20anomig diliou IDL market, —> local axea_hi_nashit- ‘pe nl Sli Sn mm Alakianal Markt a» local péamlo that cov whole caundry ey KharlsT> i) — Croad _ Maskeh = Jaded se__gowk _milon eng Utela Gog an si) Resource Merket-=» She marhet whew. peclots piocluctiona ox available esq lanl, labour capticl mcf jay iti) Fenanes Mearkeb a? Maske 7. = fo ua — stack. puchanye, rbly.s Mind Ls Money Morkel => coal” 2 Layee mall lean, Pai aie Deter rinalin Pie ce a a Plattet Supp tad £; — => ips iy Pico = &, oT pie» (oR) Loui Wi xiven 6)A a dt. —> local area ke mask + s it) all tthe = lpcok antl tebe wer ke ou hae Notional Qi => cal bdancly A Oven ry * ) Inbetnadional nme erg Ji in Ponada 4 aldol, asl so it caus cbionel v ao welt Grteractioned” level ong KEES Oy Goods Maskk 2> fahun se gowl miler _peq Lied Gaz ar wi) Resousco _Morhe=» She market whose feclot gp —ptecllons ax — ae lble eq lanch — cgplial mud joy, = Bares pedesteg eae Pat Lice Somat i Ll hia vive per cho; fia, pitt: 2 rune _‘The_ phew $ Wi. =o oa pitcea that euat “1 mat hes a ) gustan Market price (Free tathet price: =» m. sao bu ka cont“ fO— <> cannict of emanh Stpply ) Requbated Matht- pice =< gavetnmint a rege hats in =? 2» Bore pepe pe te Lolo _ ies) L den equals taghal sappy None | b tladat- gullicion = G = @ | Pave dow = a = Markel pure» (oR) bb tie pie.‘g) that (ce =>_pitl nh as —cvllad — Marhet- price ehh L = hab Demon _zado__Sabhi_sypply zacle Diep utlibsium => muxbil _himeshy Mb ium § ney hin _Q, Q, 2a market vin Greplus — Condd'bien —- 4 _@, >. _ =2 4 1 She cbndtion | < : ‘S Lp exer _olomanch | ee 4 Market _paice above gps titem => thon 7 On. | pauitien oy franket- f ot Cut pol \ - tcon Supply i Le fab —m plus ‘tien mein hog’ —> nae shel eta ayutlable fa —> but ha. Fart haw toh —>edta stock — péchne tye producer Ko psico kam Karn’ pet kere? — Y mast Pritice peled egpbibrivm => thon es op. [a — peilitee_g rk a Ih at eee eucer) Demand _ sitet — Mazket- _Canchition =. Pie pitection Decteas? — Matpot hot te : tranclitian a1 Paice Disechion Anetoast Seay - Paice QO, a0, Clompasinn “Sarthe "Bisco 5 per 5 Rt ot > Gp taploa will clay % puice_2. sa 7 the _price _ 2 r b + aester QD >; Leice dec4 Dale sence y 4 Masket ia sin Ds = Laytibtivm-—> Gt “shag by 8 oe “ ! 2 D devine 2 MAME Guati77 CO (Mosket — Huaake Drice- ce which Sot Ly ite govermad bd pi (seieeonint Seek O77 => ("Jo protect Priocluces ) = Soy — Suspluy a — Exced — Supply © é 2 age Epull’bsium rice He Loo few =F ret re Aes TAA9 fer begat 2 means _as n= oa me pe SI == mow —- Sh + ee me lon snahvie bad) wie Kategy’ eae oder, Aarege => ek atau: Limth zabbege L ke Be ype pike et fey thak price consicloucl 0m andnum = 7 peice ¢ aa Tull =) cermin patect (% ,w" Ce price veyease huiCane # of: yf-—— pf—at = (Jeet #t)- Pans ym a Tesie A DT Z vse A a i D 1 DL— du to pelea thal sa Bi poliat pice Neos SKE + te pe will “clemesnoh ies). i Q, 4 RG vee Nb oso clamor puree up chet cht leftward - ing — Si ie ea Fe. Production_J ou f—> Spply To mat sock t —+> Price f ——> 5. 2 Cops St p- NE oy aS E. --- we a > >} el ah a Ona Pico ey Mavtet uinczeasey Price = put tomeuns Sano — Quankty clecteosen to __ ¢uyply L ; ge mp thetease un hanbity SES i ei a t t PON = Iu in © > Price t : [i the elf I eg TRaise i ss ae +3 Deterns\ > | ce 3 Penghabl ody -_ = fi => mastl fia ‘a i - in price 4 Value clecseave with time y aac — cae Eee ie Sal hlamiiltilaetagll Supply gis mite Ls vebical : S pecruag % tat pply %4_lintted = 0c ui § Meat => thoy fae dott [fe Span => a Soph bashing e haga ily Sippy tonite yale fob hud ~2¢ abo © Lares toe Matha Price. fe Goode: —_k => mostly ae pit lah eg mobile, laptaps , (ox ck — Can a ene - Eupenive than Peshale ? a= Out. arene an Hathel — 0 at thal paid that supply pemiinn ceonatant 7 abnaeeh wate, Lak ye LenOwasey vo avat| oi{Baoice _Méchanéon, ae Tnstability ¢ Pde tie ram aa ar ves pice up ly xi Asjeti hewn ets ho live Mahe pin a . fess mi ~ hain => met io GPariulbral seutoy ote iy landlec catton clea ber (ele hewn 2 Supply shortage =r price up —» tetile wills cupfere —> % pay high so tices. 2) Sager Come Sages" tine mile Cael bassheolyile tasks bas oun’ _ Khari —+ Fa x Luspluy” sugis cone —> fasmens mayhootan cheay Sell __ rane Problems. ; , : s Price fluctuations $0 ecnpay role hati hea — Hasme Nar arly bey fsay Fp oa hota hax’ Role ernment: — Gatknud’ ke éntesvens hana chahuy, = Puce contre aun loin limik lagant __chahiye = Ghebjl'ty creche tegen aoa _Unfer_practier goku cheba _haice ¢ Income Wluctuations én Fy ticultural Sector:- = Mfgsiulhnel _cector * rratin piicer y income unatable _hoti had —» ye dinstobilit oni ki eloatici be jah » $e hoti hax = a “i dnelastic hott Aaj —» Yo _basic —neconily fut dain —>ohe rehnga he ja Serta log puschone batery = “Supply Ki claotcity (ou boli dai =>g kt tales lok of bei oy fre Pooch period Ka maale, ii Ss iecther an Elem actor #9 sh sly cove _ Inelastic 2 = Demancl cus liye Anolastic hota hot —rnean pice _enctease _fyine_por bhi _clomand) Kun nai_ het Iy=> Spl) —snoare dn Morbof-—> prite_ —P fasos intog gpl reduetl Coe agr wake harsoct ache Jkt he = a pi ¢ Income ¥ fate wstot vel dre not Stab > Hoy oa illo e wehbe “he => weathes am clhmale changes = Zechnoloag change Dynamic Cams? Cobweb theotem.- 2 iti. ha idha thal perce oplacluaton Gin teal _ te oflactuakisns so Supply shih came a cyele ay ning © zices:—> a Simple _worcly thew ia an _agticulfusol mas hut ‘hose poly Can Jou hue fo vaun ble action Such aa. eathey ‘ ‘St ‘ "Rice ptadacted 3 Ss, Sl—» pt St-,pL ms si —>et st—py Pa Pp, —| Lolamiles PRifeo-e~ 24 St NE cytes S Skah — ritially clue to bad fawet Supply x see decses foam: $= > 4 Pie wnspues sem 0, —> Py a gn C lo: clu to high _prée_ua_¢ tL =>Jfunes stub te _peoclue mow vice a youlk § t— ef — 37d Cycle. . ; Du te low pace in 2° tycle => formes got claappanted ¢ »° finer yt the predation of ye os a tault SJ—> Pt Ena 2 Lace uadkity coskina to oxcitale (ouing anaanl Galion) Lrsough tho mark will _appacach _agublibrivm Shace sen 9 Coweh "theorem —Price 4 Income Fluctuations im a Sectin:- tuakionn may cawsodl clue to wm elaativ ties 4 Sepply 4 fi ected by brg produdien Wether uncog¢ pal : pies “Goad as econnity) | Fluctuccio: ee > Stan “mpact an fate: 2S un CMe : c EE 0 good, asseit > prea Drone Cause bs Poocluction Cuvsent yeas price —> affects next 2/ ) Ge Cobwlehe. _- Des 8s atest J Curie more _aleatic tha the upp! cuxe — piter andl _guandity —_gaaciolly eguiibim, (to seach kok havin = Lonergeit Ge stable ivesgent. Lobuyeh se] ek D 2 Supply Tuaie wv t08e elastic than He demon! cave T pice _4 ceantt Speslbain ko euch “fhe seach --__Diveng. ronk Case ia - _Lnstablo a eype ii) Peypebudl Lae Cobueh Roy Price yucnhty eh cycle _meuin 5 seal tearte_hévis — —_plamanck__&s Sippy nven have om le ae toh 5 Daneel cuactly eg to tha elastuat Su uy) — Pésmonest__egcle_Can,) legge tulle Hesimp ‘iona:- = ia = Déobiy in} with “Pavubtuawl Qnclustiy gwhow tune (ag snusheler — lasted pice wi contne 4 net yoor => cuntert year bi_pticg newt ptoductian 4 pile fanile keseye. wo the tien zece! Psy, eos) as el kl —— Commodity — > Degichable Gshott_tyje péocluck, - 4, Pricg 4 — Jaaer_no_lonyor stey with thy cso neatd ye feb hi schema. Egantzakeon system ~ hota how johan | woh Baric _comoclities Lehemal » ganclum, chee ete) ko khavid has stot aste havi _gab _pri.siyely ryada het? hat aun pecren haw —> jah shortage condelion aati har -mashat- main —> PP —s thon gavesnment release the Jock. Sup —> went (stable the _rlorket/ govesnmest-(or)ke Date: f Aupene of aye Stock _- . pe we ate” Stabe ligebion cx Mohit — Basmin ho _mintmum wncime _anautand _ hone ~— Lennumes ko protect Jasna high price mimum 26 floos Put = Mtotman pike wh am fe kam pte hati hat ke => dn Case oye mask psico git bh fay => avesnment pgaclucer Ao _rnininum Gu sonbee ayy fai he nch enka ails be ly Puspere of Mininunn parce _(g 10 piotect tke ptoducoin uneame Manérnuen~ Brice: ~ (Price Ceilin : Blanimum pire woh Gah se da_psice hol hat jo supplion per — ff Me fel_bathe ane __ypp en —_prtadsel_sell_na. how. = Putts? of Pancimunn*: pure ys to protect He (lonsumber me beens : Sta Zi Py "Bufjes etick schene > °O- ‘ a i a See Gay & Sy. => jch__mashit ren Supply zateral zaca hut hf toh fovewsveit. nce ain product Khaseed fete he’ with rminum price ot producer lfasme ko ppotect koi hes Gy => josie market main hostage hoti hat ar pateoy unczo, holt hain hromely—> toh geiaomt eyes shock release ~ kash hat er _ price sta bilk kas clety ~ a erg pmoteit- the Consume, Dinadvantages gy Buffer Stack, Schemes _ i) Higher Oppotitunity Cont ¢.' = fe pat. gy Oveamer: nt Slack per Ly woh le fu education, Hoyttls _ pet he gaye felt. the ii Sppiehensien ee sotna _pptocluction,. 29 It means thet- So irs stock Scheme = goseeomend yosmess ho ¢tnu ‘incentives de Meh? feat rinvemum price Kt curet” mien => toh usm) apply Fam earner bafiy ot basha dete hus => 9 schomgpetite pscblern create kota hot a pf imemistiate — Ciineoinr:— eum Le ornmat exci tock ko Ste Aasne be liye. aigeeel ft wse00_stoc ore one pas 7 afi _hes yende Watehaur = ea and Wakil Bru cen TT tlecttanttally vl usecl tools (op) Snstsumen at bying 4 chez __ ko th ine Hacoten has’) ca "Pnhie —_Goviteen man edithleg pote _ frau’ => tuatomen Jo Kopen cheba _posanch karte hes ya Search atta __£ - Bvabinaso wah “fon hrege toh wcdatle fortes” hoge pabe mapa nee Ovo staf a lvedh {i.ni5=ctittane” hus B requisll- lots af tome [Say kara thar Avantoy —% Hen Stade Busivaal bad dh E-Buin) ng Bath y Porter 20 yeguizedeq @ Maen toh clyfereal- pri avails ble heb hai mp whith & bell price hargacn mp but-_offont~ Aas he a Aandlac, peta. hai . : 3 — Ni aesur__ Gad y Frvaifable Impact g é- Lusinens an Planhet— Paice In E- Buakabpaty) —> Competitions t —e ice £ Production at ow Coot Gad quality “Tie cot kam pew Wackny Ke Pusahich avenge =» apr Cort 6 pducion ttn per => 4 with gore! gualfy ~ [Bttesmexk auw_in Bok]