demand and supply

demand

• refers to all possible quantities of goods or services that buyers are willing and able to buy at various prices in a period of time

• cầu

• …… describes how price influences buyer behavior.

quantity demanded

• the quantity of goods or services buyers are willing and able to buy at a certain price in a period of time

• lượng cầu

• If consumbers are willing to purchase 1000 lemons when the price is $0.50, the …. is 1000 at that specific price.

supply

• /səˈplaɪ/

• all possible amounts of a product that the seller is able and willing to sell at all possible price

• In New York, demand for housing far outstrips …..

quantity supplied

• a specific amount of a product that the seller is able and willing to sell at a particular price

• lượng cung

• If price of a specific good or service increases, the …. will sell will increase.

shift factor

• any changes that raise the quantity demanded or supplied make the demand curve or the supply curve move to the right or tho the left.

• cái yếu tố ngoài giá.

• The ….s include society’s income, prices of other goods (subtitutes, compliments), expectations, and tastes (=thị yếu, trend)

law of supply and demand

• is a fundamental economic theory stating that market prices fluctuate (dao động) until they reach equilibrium, where the quantity supplied equals the quantiy demanded

• High demand with low supply drives prices up, while high supply with low demand drives prices down

• Luật cung cầu

• Airlines and hotels raise prices during peak seasons (summer, holidays) because demand is high, and decrease them during-off peak times. This circumtsances call the …..

monopoly

• a market structure where a single country or entity is the exclusive supplier of a goods or service, characterized by a lack of competition and the ability to control prices

• độc quyền

• Holds over 80% market share in global search, acting as a functional monopoly in online search and advertising.