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 [...]... 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 . 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. 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. " ;demand& quot;? demand& quot; 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& quot; and "quantity