4 0412.22 oO Leenomies a denied fom Barn tye, wrens npenely Bibi uslsiet. reams Arousehold ound Nema’ usbich myc rman fied fam e ‘Economics ds lod 4 ; mans thausehate aa i em Lord ‘Otkononta’ ushiohs. iy Past medium of exchange ~ Coitfes > Purlou Ateres D Meta? coworeneny Fa Paper Cunnency Plawtic vowuiency 8 A oe Father ef mpdexn economies > en rit “ee Eomnemy Ox Osegonicastize, shine one inveled z nando Hoes scapes outlbtia 4! ; ‘ producti» Consumption veopitel a Cvettnent) are collectively calliad. on ey" tbo Promework th of econontie activities ef foeduilien Conpeusn fing 4 capitol a arte wunfertackesys feoyentas > Lh oe mpostir Phat qeolr sith the Aalional my es of Qinged sperources (Ga elation, te upintd woals) dq 4 ¥ cme viucly Chak ya te om pi Aenel, oq Sqgdividuol Lonrumpr ds ute te > mej fin > Y nay ee ecseenio. sect esAatiafrctiion a9 Undivdiiaf producer Gs ate +o. snogstnine Jy, soft’, £ at dhe s1ocho Level wa veauahy ee Oe to Ochi er posible qor pout ¢ sock woelfaae. Ati a/b viludy of. ceoneen ft dials vith abbscation af. sbewier ojeoouns omery alin uses to wnt econ Wwoals. Effin peethemen Refs ta_ oct freg te stat 40 ete - to etolt SS a cae cp on eae ona | __dne tin enon. ts clone in fortis 4 ino ‘Downe ‘plitiemen. me oer, a ee Rf, NS me a 2 es a tert enn — ann Fark aceurall ae 5 Sndurby ? Spook of fom = ealfsoermols 2 Ana Cantata deanna) ate a? te. er - ftN ye oh. Need cia tae aig if premce belive shot us Hho 4 utholk sdrould fe here usher need brewene vapecifia Them th work. Studion Went with 3 atGibules becesrps deena» Uitoungmsse to Guy d COultingoss to pay. a 4 ei Uy 7 pues See u Isto foo. Rosine of.ty, By ae \ occa bothd eee ead ieee ee reeee Ser EE | Cam muy ot prone eg ie ete aig el aks. _| Fated . H =p = a : —— that the. ‘oma taal “eet =a ana pas oy a thot Tena ee * — Migse Eeomontin 2 > Aste nents eda dealt uth _eeenntie Udsuer Julattid -fo_amall eeogentie: “unt: ti on tectividual -Cocaumnes iho induidual_ producers, 0. — Aindividuial) . feet: rom. ‘undiA ee eal aie Mernecnqpniiea state. stay Sedvidnte , Baunelaolda 4 Hit a rely 4 lest fatx i oneans Che cutth econondic Lue vieleulid Muro atm He pres 9 Mpero maior Large 04 oh econemrves a as tah ae “to eeoqorng 08 shale ; ea bono aap [Tin ductinon making {ot ltexeen| Fibs fosticaton mmakt spa coat of the eeonerny. i ae “Appt te dato} Bra. Covert. trstus ike ese, pring » i a Lk ends exist» Cconesnic Urea, Aiba the whole ccagoeny th coyou Aevaaf marke pega! A fe vent Covent Crsuier Bike sno dsb erent, nobuene} panes GPP knplaction efi.22}rateo 42h yr “Tnyeoe Or Veeme es 1 cbe - vercerted, butt” ten! 0 Ecsite ree tes oad au © Fhe Oernand for a_commodilty 2 consuenes!s qerire to Fane | to a wigs fatp ee t “i Eilat =e “Deron sAefers a Ts Hy sow BeHviens i: : ee SS a Spey Dear ere oe : il 1 Duthe Cort). ou tommneditty,—_____— pimahtibegs 24 farchaling ee i tae, 3.) Confifin * Pafee aid: of Hemme = * | Danand, Febafule > es nefirecentatinn Que pie} ae ~ Tey eres Brg tobe. ahowiag. Lhe quantity soa Chat the con suey one: ceivtteng to & obte tate Lame ot eacby Sle cosmrosity mos x Q4e 5 Quavlity ot aren ; oe Price 4, ott oO fae 4S" ial jee) Once 5b 20-145 30. ube Cob eee aN a Oewand Cuaaat > Demand: curme da ftathiing A he various. foie t abet] Eel gene by Le omprkel™ spare Achedulle. thy debates | omalelde C dtesmakwd) Oar hee 5,” | a ar Fe BtyDeenandal | | I ede with m0 mubstivle avaltobfe Ce abtemabin| sees ote at" | 33 Sr_qfanand ts ena ot sero pice foved, | hee CRaho| = oo nih | FE Bene Gandia 3 Berl ining fin | PS a cl Fatma opt fo | Eats eae ss 4-08, f Battie) — ene ge Quant, ely. eo Siar pre Se : a al Sac) a price of the commsditi [Bo relation ol vce lated a am plane > Reee Git Denudls x : lee ef Dmend i J 7 p anata rages adele ore pues 32 “Toate. t ae festa ter ici a eea wit ob > Geol whic coq toe wed Sei bh pe r 1 tien bec os dha A sf ene. coermodite] § qeenand ot another cxsemodiry « (ome Jeon aulatannig op onic tamnenedity 5. dhenand of cnet seen os — —e (atin Ditmoey se 5,04 | pani eet Ol akee op vsclaled eee. Uiats_Oooda tin Com) leone} a cutee oe mee Pp GA an = : define goods — = 3 sem Lica irieegs eeer ON Gate | Demand | Gann Orman 5 Meant Refers to. the Re to “Che, wg = nt Silat ase cael Bhat q cour wei er CDeaeulh i sg | eoiutn, Bait ci tet F re pret ding. 0-potiod “phe eee con 8 a ak ea =i eta es Ph -be—purthored int at pated ot Certain, potee, i 1 : te um. teen eae : | taieaoase aie oe jinn Bete thax tee. pe Errante |= Pefeons i cpevand cone FangsMosfow's Need -Hsngrchyy “Peony ftp va wheor prryebobay en plan “4 Jrurcesy antivelin my panel: of diffownt eve} of mwel.. St Aasns thot oe one__meti vated toads tufts ‘ad meade tn cy bisrcrtlac orf phat begins cctuth “Hheimokt boric reds before snoring neve adver ae 2 Zi fa Désyen) — Ssh ee brand. Akasa thot eee ea ig sates tone paca deeronded.of v,_Lommedihy “ta Foes —. dh the_ptce Be ln ple sateen tonnes fea Serene te flee Ne Son. pore Ue -tommedlty.* No. chon. ‘on. ence + Ei_Coneiener. No change to 3 of corte * No’ “expeetahien Apes fae i sre cua tm tale J Pefeemeth alas, os a!_§- | ti dtenand. culove alos doumusord 9° Qubs\Stubin Efpok. c aa } tren tek a | i ating ee! Lang Rafat — = ae © Stafitatron. eer 9 “shen pSiarof o)-Commedity = = Couting 19 ee ‘a : is — 8 ee eee ea eel aot i Oe a — =e comin Sail the + —_ ere eo 7 34 ae ie epee fi i = a ort = asoforjos " 6 \eaners Groen. 2) People Asveritimen buy, conkiriv,. commodities Bee cliomonde cut Li nicvs nok die to their | tee Enitunntec urrth but ou wl ean. The. bate. Pe ty -b_ ott “that vateles tothe Gtr enerber of Che (ai eg Athemacline bel * a Tree el nS oe ee ET 2a, 24_knoven 02 Velden Cyoed Cinemas} of ths ecoqeniat Thotelnn Vebfen) usbrosech-enomnd se fads) ashen tts fnier rticr fats) AF Shidusopf. at Deanortiation This tu thu. sritat Comers ty ype of : * exephin “_ tae _laus of. eee) fs ee “te_pusaclaose that Lerom ite ushich ore of beng ain Pion ‘forenily.aelectivet: Lows: GE. a —HTha_onove. fe_dlo xemel Tha rnere. (iby _ottene wlitl do tb tov, Cee rcp tuster about: = ae realty aha.SB ie | > Creritral fo Hho ry), Te fen Lr Unt ncdern, | eaten. good ta Ny oe ere vt Se a ea cpio ge [ = sp jas 5 a eee ers ep eee ! a . Q “ogg -thudsy excophino do the » © Consumer beaten, Up knows) © “fo take dteunion abe! + — Apous seucls OE} La deem onder} For. Hae Lererpotitya ContRAcrtory, —__ Expansion TL Cine cho tut chenanded duc| fart in the ek deanione|, de fo Fadi in sttre price of te [to vie vn sine price 3 commnadity othe -foclre’ commodity , ur facts Pe __cmastent. DIS Reade |-’ag Constéenf. Lt Gade te « ____ to _dewouberd meyern-of_atong| menemest Wan Acer Ant Aoene deemed cue. | charnonad. cularve. the te Uusten Bae qusatit demagled vou Loommed iti sen. Gute _-to_ tn ta penny fing. ther “ebes catbahy : J 25 Know wrote taded that ts qsaphiatte a eared OS _meovesnen| i trorne- cheno camel j1.0109) 15 * Etasticty 9f Demond A: gmont spon £ Resporsneohent of renend. bo the chong Vn “thi sabi -at cb shew mich whol extent the aby de of a oe ee Pete oc a Ae ot prea! ee 4 deen fL 13t 2 inet Fes fa ta Dome: seed Mesias “the oh ie un. Shy domnondad._! 4 eae: sented eg} — wninus~ the Old. Shy. hmomaled © di Vided | [by Athe_ <_< oo oe pean aSele i i * a4 of Orenond 4 oe Correlation. we Viole ¥ ay a relation. dolar 4 | conehtion- 9) 85.8 4eT a et St rae = 7 Comelabies a fon. ge Aircatinn seat os te or ier t ect op Braet a haat Fale Dh | Baar price UC otha: fiber AE Change foam ae pap Span 2 age STB la of mand at 7 C Pree FE aa chan Rar 32 ety deenne 3 At —~ f etecge mr] ees [ * 5 Case e, ie | | Ore 3 NaH Bea e, pe ing bp _@| <1 fae 3 ne -—.._Q)_ rit _ehota.9 & er rae SA Tm_Gty. dtenend dese = i ax WE eeaeea! tape Toa Pelee CAG] change sage Riper meet GB - Gey deenend 3 SF ohDe ean te [eames uae, t ge —yepensivences oh chenand for —tammoditi.. eae ty ig Pe el + Theron ithe a ose) _{ danetnge tal ‘on fete z aan A Paeatnge ited 2 Also tne a ‘Py. snithed | OM ithemedreed muted , By BE fetes ere, ee dips eee on Sees he ae —TI Lares h Lat ——T ~AQD 5 P ar Sp. > pi i ann syed et — | Ye mitted”, -ushen tne % Aig fe = then, “Ha snettiod_ ‘ts os « ay | ena pe Mecca Ee tL Z = eT xe wa a an z — 3 Ne ent ae pe a SS eo rere ——+ oe : — + Degse o atiaty of OF —@! Pet take 2 usher, sath io _aty enced fa - Deano nt 5) when the b ta eee h i : jue = te pen fee) pee age | (ene eee _ | 20 foo SCS eal ae 10 1s ey tS nl woP 1 . Comberton goede al tt rar : +@o- Teo Pralastie 2) tere “f. Caan ge “wo_ghy deenondid to Sherthon 2h = jg ene oa —" we t 20 too fy a to [20 to; [teenie gon =: i Se 7 ~Peectitey Sart 2 UShen ade bn 1 -Sity demond x i chor 4 ri 2 is ue sie hy nge wn 12 OO 7 Portes Remend Ye a 2 — | 20 Joo 30 loo P| 6 4o loo = ae x 1 7 ap| © | Zero thaatic, ease sag Si eran ath chsemate seoptet_to “any ee 7 © Sad 2 ~ & es ; ~ oS oo c 8d. Ss Sei 9 Re edn — aa —————— Yn Poa i 1 ea [High €xostic. > 5 2—Alny_temaatl_¢ cea 10. corne_usith Coane —terge chong ae dfevondeh> vps ore oe er io ; © loo Eafe. 2 vp dure wa adlsfively deus | demand of coptes uRU Yooeae —_ aty serene ee a ee pees | te = —— os ey Pea aa eee al Se ey ay t= tet ; i >) a) : es = —o @ | 22 te propertinnaltlncxease in pl Gas ey . ‘i eh ere tema i a eee [5 | leads _.Prepentcnats Latin th gy. ran J - { pronditiy barauune ath_aoe_dernanded otattyy Grebo _ ph _@dv Py ad ale pO rete in ge tan xl tins ee Qlydeenondad ef Hatha oe at. Types — — 10) Rxitice hon : fF Fr ears i : = : + ’ seal ef tasty ator than | —@Compinonts) When price of good fattr the ghy. danontd sf pace : s ie J Aloha E patos po “Any tacoma trauases Aau on tpt i fie et pate op 7 tat 3s Et ee Sa Pelef TT at te or cart tn te hy dtd i $ aly i scone latvia AEN Ete eotmeane io _poctce of Th eS aa han <4fe ! a Lea, I { Mn a Maiginst Ub Be a ck O_ Ret Sot abies "ry 4 umes aft eray £01 ae + TU; TD frmin Oe | ate pocnh to tied mem seb Qibienpesnke ee CY rT asin ee [a lo aati Thad aay ged Hie eal le | een dn pe ti tt pd ga on attaAfradar Hoeayrreg tay Cetheuet Caceres Xe teepoable at cach predutl? bos ths oy @ aE _ a @ 5 un 3. i Teo is Quabined sepecsentatin of 8. A #7 Ul Alek shrews Oli fronikir comlfrotien I *p Tae gests Shas welteb a pessen Uo Inte wl y__ vie ed aaa subir oa = oe sea | a a a re a | Sabah ees, Bw MR8 EB Cherde te Ys Ay a _ Onanke bo dx [ se Sqeer fee = Cyafo. BO FE ow emony: unit! one. saveiCue. fo Golan ests ee Seal fae Aste (2nd tye ? oli! @ = Bxt oy al - cs Sut ay : - Owl 4c + Ay He pa ee = ae PE Gos “ “ ppommetesn “is IndifRweshJ Assuonfhinet ¢ uaipperence Conve 2— — Utieity Conk be measered mumesicalty, 2 Seale “of. fhefercmeet. 2A ceeds to mire_peefested et leey \— Contept Sf. comborative ututety tise can _cemipa on i Katine! Behaviour ef Concumer.——____ 7 Diminishing sneagmel satt_of Sutstthdies. SD Conistincay Ceersimens cme Ltt Yt seed *Peatues_ oh Te. ee ee | > | eon) seed actin. Uf hor Wer ec tc]xi “por Budget Boe } aaa fhe Soh Rok crauma con Buy viet Ha Gban tntomne- 7 Tyga budlfer Ue Shexs cudh those combinerhioo oh 2 goade with te Lensema tan _louy Spending) the gunn marney neove on Hae 2 gonads at Heir Suen prfce. Bo I _ The It Ci oi lft fit = A abs ABMs 04 4 : Lh sles By 4.8 denoti pce fh phce_of foods x & Y respect a Ba aaa eeesc gece ne| lies tty wud Lis) (Cone & CD, Change ny ge ah ape if peur Zur epere kes bese (©) Choma ton Paice ef ood {| ht - Geed ¥ | tp chamfe bp Ts age 1 pod x. |@ Change ‘wo price. °f both the Goods . A Lee a | Pent i 2 eB a Ee i 2 Melis tye el en ae aT | "Pita io—f_genae ; ae 2+ ct wleajeaay f 2 Pict of Baplieim, Sy2 & shube ey . Sane eS a" ae ___ aa E —-— = t —S ; “tne cosh octae ' a Rnptitt Cesk ) Temp uted vest Vo the Lroptied aint doar take ee tt suttey — antler. ta seem in_thn_loveks a Pee > Shpentu city a Peel : Cong Uae Bat Beye — 3E Total Cok aa { Jobat Fed tos > Total Vostok Lest: +f Average Cox - —— “2 Avg. fixed Cask. eee fee hie eh toot st gat CoshBe ete Total tost > TROT VC. 36. EE feonernt si scated GRY SEY pruduetien atid Mey tostyer fl cory OP ont Fl folut We as ; D Variable cost etal Cost 1 fis cod Vomiatle: iat Y OW cost Produchiing % wey [ebosge change AY arid) BA oh Produchion a vy Von) AT | Avera ge Cost > TC. 3Y_ moe RR esl a Avg FO. = TECS moe unit pode t Ay NO_=_TVa + yy. af aed ~ WS addition) eit a produce se} ay Myatext adelthime| cosh cidh ¥ = P anal ue a {dit produced a divide fet ee iad Piedotk JAF cmap @ | __FE_vost Fyed vecty f 2 vasiable. Long Rum Cork > arlt Vasabh eoct Ar en) Pe ye ‘ere Faker ak OD aatcanh be ger. tbfived cosk Arerorth OE] THC) Preducttrs O ardor qe Om || fvernge Core DOArc > a = fr fe arora eae ae [sist pass] Brapobat] ob Prodithon Uodifinéne cine| Slopes cLovammasq. from taf gt Convex tr the Orig + No Deo qeint tor dou 2Rtiat ame ot j sft. fea ha tal aba = ey [op Mud totic ob Tec Sudha | bk aaditine! lab a aah 3 Qo Baar topsel Wfice Bar [oithouf Chor Aba. Jsrfaled I tr Tha val foil fockr con be abe bet Sh rears lo aise eels rmalatated Bo © | Sn production of. good X witthout chov§ inf Le qty Y eutpet pelt te @ Cont Cine) “Upsomecos iif — tut, Shows! vorious tombinahty oa, | that. wii south by Wu some feral ——