Chapter 4: Supply and Demand



Important Concepts from Chapter 4:
Law of Demand
Demand Curve and its sope
Determinants of Demand
Law of Supply
Supply Curve and its slope
Determinants of Supply
Equilibrium in a market (solving mathematically)
Shortages and Surpluses
Each of the following graphs are explained by an economist (listen if you need extra help):
1. Demand Curve
2. Change in quantity demanded versus a change in demand
3. Supply Curve
4. Change in quantity supplied versus a change in supply
5. Equilibrium
6. The Effects of a Change in Demand
7. The Effects of a Change in Supply
Handouts from SI Sessions on Chapter 4:

Supply and Demand Mind Map

Supply and Demand Summary

Exploring Markets: Supply and Demand

Curve Shifts Chart

Sample Test Questions
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