unit 5: demand and supply

welcome to our
presentation
" supply and demand"
Members of group 3:
•
1. Ho Thi Han
•
2. Bui Duc Phuc
•
3. Vu Minh Tan

I. vocabulary
ˈfæk·tər
ek·spekˈteɪ·ʃən
Teɪst
dɪˈmænd.kɜrv
səˈplɑɪ kɜrv
ˌtɜː.mɪˈnɒl.ə.dʒi
ˈɪl.ə.streɪt
ˈkɑn·stənt
ɡræf
rɪˈzʌlt
ɪmˈpruv·mənt
Factor : yếu tố
Expectation: kỳ vọng, mong đợi
Taste: thị hiếu
Demand curve: đường cầu
Supply curve: đường cung
Terminology: thuật ngữ
illustrate: minh họa
Constant: không đổi

Graph: đồ thị
Result: kết quả
Improvement: sự cải thiện
I. Vocabulary (next):
i·kwəˈlɪb·ri·əm
ˈri·zən
def·əˈnɪʃ·ən
ˈi·kwəl
ˌɪn·tərˈsekt
hɔr·əˈzɑn·təl
fɔrs
ɪkˈses
ɪnˈsen·tɪv
ˈmɪn·ə·məm ˌweɪdʒ
ˈmɑr·kɪt ˈmek·əˌnɪz·əm

Equilibrium: trạng thái cân bằng
Reason: nguyên do
Definition: định nghĩa
Equal: bằng
Intersect: giao nhau
Horizontal: nằm ngang
Force: yếu tố
Excess: dư thừa
Incentive: khuyến khích
Minimum wage: lương tối thiểu
Market machanism: cơ chế
thị trường
Summary the last lesson

III. answer the questions:
1.what is the definition of "demand"?
demand" is the consumer's willingness and ability to pay
for a price for a specific goog or service
2. what is the difference between "demand"
and "quantity demanded"?
a change in quantity demanded is brought by a change
in price while a change in demand is brought by a
change in shift factors, such as society's income, prices
of other goods, expectations and tastes
3.what factors cause the whole demand curve
shift to the left or to the right?
the factors cause the whole demand curve shift to the
left or to the right are society's income, price of other
goods, expectations and tastes…
4. what is "supply"?
"supply" is the amount of product that producers
are willing and able to sell at a certain price
5. what is the difference between "supply" and
"quantity supplied"?
a change in quantity supplied is brought by a
change in price while a change in supply is
brought by a change in prices of inputs,
technology, taxes, and supplier's expectations
III. answer the questions (next):
6. when is a market in equilibrium?
a market will be in equilibrium when there is no reason for the
market price of the product to rise or to fall

7. why does the price of air condition rise in the
summer?
temperature increases in the summer causes consummer's
demand for air condition will increase. when demand is more
than supply will lead to an excess demand. that is why the
price of air condition rises in the summer
8. what is the role of demand and supply?
relationshipsupply and demand play important role in regulating
market by price because their makes equilibrium price of the
market. in addition, supply and demand tell us about possible
price level will exist in the market in a given time period
The End
Thank for
listening