Market

• Is an interaction between buyers and sellers of trading or exchange.

• It is where the consumers buys and the seller sells.

• GOODS MARKET - the most common type of market because it is

where we buy consumer goods.
• LABOR MARKET – is where workers offer services and look for jobs,
and where employers look for workers to hire.
• FINANCIAL MARKET – which includes the stock market where
securities of corporations are traded.
INCOME EFFECT
SUBSTITUTION EFFECT
PRICES OF RELATED GOODS
THE NUMBER OF CONSUMERS
CONSUMER’S EXPECTATION