Overview
Meanings of demand and supply and market equilibrium. The factors affecting demand and supply. Distinguishing between factors causing shift in demand and supply curves, and those causing movements along demand and supply curves. Drawing of the schedules and curves to explain the changes. Distinguishing between various types of demand.
What you'll learn
- Demand and supply curves.
- Laws of demand and supply.
- Factors affecting demand and supply.
- Types of demand and supply.