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AMERICAN STOCK EXCHANGE: One of three national stock markets in the United States (see National Association of Securities Dealers and New York Stock Exchange) that trade ownership shares in corporations. In terms of daily stock transactions and the number of stocks listed, the American Stock Exchange is the smallest of these three. However, it's composite index of stock prices -- AMEX is considered important enough to be flashed briefly on the nightly news.

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Lesson 7: Market Equilibrium | Unit 2: The Numbers Page: 6 of 22

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This table combines the demand and supply schedules for 8-track tapes.

The price of tapes ranges from 10 cents to 90 cents. The quantity demanded ranges from 800 tapes to 0 tapes. The quantity supplied ranges form 0 tapes to 800 tapes.

  • Law of demand: As the price increases from 10 to 90 cents, the quantity demanded decreases from 800 tapes to 0 tapes.
  • Law of supply: As the price increases from 10 to 90 cents, the quantity supplied increases from 0 tapes to 800 tapes

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CHANGE IN PRIVATE INVENTORIES

The increase or decrease in the stocks of final goods, intermediate goods, raw materials, and other inputs that businesses keep on hand to use in production. Formerly termed change in business inventories, this is one of two main categories of gross private domestic investment included in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other category is fixed investment. Change in private inventories tend to be about 3 to 5 percent of gross private domestic investment.

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Today, you are likely to spend a great deal of time flipping through mail order catalogs hoping to buy either a coffee cup commemorating yesterday or a replacement remote control for your television. Be on the lookout for slightly overweight pizza delivery guys.
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In the early 1900s around 300 automobile companies operated in the United States.
"I much prefer the sharpest criticism of a single intelligent man to the thoughtless approval of the masses."

-- Johannes Kepler, German Astronomer

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