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      Chapter

      Market equilibrium and structure
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      Chapter

      Market equilibrium and structure

      DOI link for Market equilibrium and structure

      Market equilibrium and structure book

      Market equilibrium and structure

      DOI link for Market equilibrium and structure

      Market equilibrium and structure book

      ByJohn E. Wagner
      BookForestry Economics

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      Edition 1st Edition
      First Published 2011
      Imprint Routledge
      Pages 25
      eBook ISBN 9780203808023
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      ABSTRACT

      In Chapter 6, I was somewhat liberal with my use of the term market and market equilibrium with respect to describing Figure 6.2; namely, supply denoted a representative entrepreneur and demand denoted a representative consumer. This was done so that I could focus on the individual concepts of supply and demand as economic models that define the opportunity cost of the entrepreneur (supply) and the opportunity cost of a consumer (demand). In addition, I showed that the economic information in Figure 6.2 parallels what is in the Architectural Plan for Profit (Figure 7.1).

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