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SS2 Economics

Concept of Demand and Supply

Overview

Meanings of demand and supply and market equilibrium. The factors affecting demand and supply. Factors causing shift in demand and supply curves, and those causing movements along demand and supply curves. 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.