1st Edition

Demand and Supply

By Ralph Turvey Copyright 1971
130 Pages
by Routledge

129 Pages
by Routledge

129 Pages
by Routledge

First published in 1971, Demand and Supply is an introduction to the economics of resource allocation, often known as micro-economics. Ralph Turvey examines how the economy really works and does not just give the economists’ textbook version, which oversimplifies technology and exaggerates the importance of prices in adjusting supply and demand. Instead of offering theoretical diagrams and... Read more

Preface 1. Consumer Demand 2. Distributors’ Margins on Consumer Goods 3. Producer Demand 4. Costs 5. Competition 6. Equilibrium, Prices, Demand and Supply 7. Demand and Supply in Labour Markets 8. The Relative Prices of Different Manufactured Goods 9. The Value of Time and the Relative Price of Services 10. The Relative Price of Urban Space Conclusion Index

Biography

Ralph Turvey