The Market Forces of Supply and Demand
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市场:某种物品或劳务的一群买者与卖者。 A market is a group of buyers and sellers of a particular product.
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竞争市场:有许多买者与卖者,以至于每个人对市场价格的影响都微乎其微的市场。 A competitive market is one with many buyers and sellers, each has a negligible effect on price
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物品的需求量: 是买者愿意并且能够购买的一种物品的数量。 The quantity demanded of any good is the amount of the good that buyers are willing and able to purchase.
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需求表: 表示一种物品的价格与需求量之间关系的表格。 Demand schedule:a table that shows the relationship between the price of a good and the quantity demanded
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需求曲线 demand curve: a graph of the relationship between the price of a good and the quantity demanded
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市场需求量是所有买者在每一价格水平下需求量的总和。 The quantity demanded in the market is the sum of the quantities demanded by all buyers at each price.
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正常物品:在其他条件相同时,收入增加引起需求量增加的物品。 normal good:a good for which, other things equal, an increase in income leads to an increase in demand
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低档物品:在其他条件相同时,收入增加引起需求量减少的物品。 inferior good: a good for which, other things equal, an increase in income leads to a decrease in demand
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替代品:一种物品价格上升引起另一种物品需求量增加的两种物品。 Substitutes: two goods for which an increase in the price of one leads to an increase in the demand for the other
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互补品:一种物品价格上升引起另一种物品需求量减少的两种物品。 Complements:two goods for which an increase in the price of one leads to a decrease in the demand for the other
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供给量:卖者愿意并且能够出售的一种物品的数量。 quantity supplied: the amount of a good that sellers are willing and able to sell
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供给表:表示一种物品的价格与供给量之间关系的表格。 supply schedule:a table that shows the relationship between the price of a good and the quantity supplied
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供给曲线: supply curve:a graph of the relationship between the price of a good and the quantity supplied
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市场供给量是在每种价格水平下所有卖者的供给量之和。 The quantity supplied in the market is the sum of the quantities supplied by all sellers at each price.
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均衡价格:使供给与需求平衡的价格 Equilibrium price: the price that equates quantity supplied with quantity demanded
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均衡数量:均衡价格下的供给量与需求量 Equilibrium quantity: the quantity supplied and quantity demanded at the equilibrium price
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过剩 (超额供给):供给量大于需求量的状态 Surplus (a.k.a. excess supply): when quantity supplied is greater than quantity demanded
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短缺(超额需求):需求量大于供给量的状态 Shortage (a.k.a. excess demand): when quantity demanded is greater than quantity supplied
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需求定理:认为在其他条件不变时,一种物品的价格上升,该物品的需求量会减少的观点。 Law of demand: the claim that the quantity demanded of a good falls when the price of the good rises, other things equal
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供给定理:认为在其他条件不变时,一种物品价格上升,该物品供给量增加的观点。 Law of supply: the claim that the quantity supplied of a good rises when the price of the good rises, other things equal