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% Document Info
\author{Natalie Moore (NatalieMoore)}
\pdfinfo{
  /Title (equilibrium.pdf)
  /Creator (Cheatography)
  /Author (Natalie Moore (NatalieMoore))
  /Subject (Equilibrium Cheat Sheet)
}

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\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
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    \vspace{-7pt}
    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
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\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Equilibrium Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{Natalie Moore (NatalieMoore)} via \textcolor{DarkBackground}{\uline{cheatography.com/19119/cs/2236/}}}
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\noindent
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}Natalie Moore (NatalieMoore) \\
  \uline{cheatography.com/nataliemoore} \\
        \uline{\seqsplit{www}.jchmedia.com/}
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Published 15th June, 2014.\\
   Updated 13th May, 2016.\\
   Page {\thepage} of \pageref{LastPage}.
\end{tabulary}
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  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
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\begin{multicols*}{3}

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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Economic equilibrium}}  \tn
% Row 0
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\mymulticolumn{2}{x{5.377cm}}{Economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.} \tn 
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Price is above market equilibrium}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{Surplus. Higher supply than demand.} \tn 
% Row Count 1 (+ 1)
% Row 1
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\mymulticolumn{2}{x{5.377cm}}{Equilibrium price falls} \tn 
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% Row 2
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\mymulticolumn{2}{x{5.377cm}}{Equilibrium qty rises} \tn 
% Row Count 3 (+ 1)
% Row 3
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\mymulticolumn{2}{x{5.377cm}}{Happens if new tech released or new firm enters market} \tn 
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Price below market equilibrium}}  \tn
% Row 0
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\mymulticolumn{2}{x{5.377cm}}{Shortage. Higher demand than supply.} \tn 
% Row Count 1 (+ 1)
% Row 1
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\mymulticolumn{2}{x{5.377cm}}{Equilibrium Price rises} \tn 
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% Row 2
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\mymulticolumn{2}{x{5.377cm}}{Equilibrium qty falls} \tn 
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% Row 3
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\mymulticolumn{2}{x{5.377cm}}{Demand curve shifts to the right} \tn 
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\mymulticolumn{2}{x{5.377cm}}{Maybe because incomes have increased or population has grown.} \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Effect of an increase in supply / surplus}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Key equilibrium terms}}  \tn
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\SetRowColor{LightBackground}
Competitive equilibrium & In a competitive equilibrium, supply equals demand. \tn 
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% Row 1
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Ceteris Paribius 'all else being equal' & Requires that when analysing the relationship between two variables all else must be held constant. \tn 
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% Row 2
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Market equilibrium & A condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services offered by sellers. \tn 
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% Row 3
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Competitive market equilibrium & A market equilibrium with many buyers and many sellers \tn 
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Surplus & Qty supplied \textgreater{} qty demanded. Price is above equilibrium. \tn 
% Row Count 25 (+ 3)
% Row 5
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Shortage & Qty supplied \textless{} qty demanded. Price is below equilibrium \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Effect of an increase in demand / shortage}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Properties of equilibrium}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{Three basic properties of equilibrium in general proposed by Huw Dixon:} \tn 
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P1 & The behavior of agents is consistent. \tn 
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P2 & No agent has an incentive to change its behavior \tn 
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P3 & Equilibrium is the outcome of some dynamic process (stability). \tn 
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Complementary goods}}  \tn
% Row 0
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\mymulticolumn{2}{x{5.377cm}}{Complementary goods: price change of one effects quantity demanded of the other.} \tn 
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% Row 1
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Price increasing on complimentary & See surplus \tn 
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% Row 2
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Price decreasing on complimentary & See shortage \tn 
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% That's all folks
\end{multicols*}

\end{document}