Supply and Demand

Duration: 0:15:00

Year Published: 1980

Creator: BFA Educational Media | Greenhouse Films

Format: 16mm

Color: Color

Sound: sound

Description: Defines the laws of supply and demand and explains the interrelationship of price with these economic factors. Discusses how producers and consumers communicate through the balance of pricing and emphasizes the importance of the consumer's decision to place a dollar "vote" for a particular item. Considers the effects of increased/decreased supply and demand and the wide range of effects in other areas of the marketplace., Defines and illustrates the law of supply and demand, and shows how the equilibrium point between these two laws determines prices, and gives examples of these laws in real life.

Complete Record: , Defines and illustrates the law of supply and demand, and shows how the equilibrium point between these two laws determines prices, and gives examples of these laws in real life., Defines and illustrates the law of supply and demand, and shows how the equilibrium point between these two laws determines prices, and gives examples of these laws in real life.NOTE: Two (or more) records have been merged together to create this data.