Unit 2.2 & 2.6 Supply and Elasticities of Supply

REAL WORLD ISSUE: How do consumers and producers make choices in trying to meet their economic objectives?

How do economists model 'supply'?

HL ONLY 

The assumptions underlying the law of supply 

Alternative Business Objectives

How responsive is supply to a change in price?

Non Price Determinants of Supply

PES of Primary Goods and Manufactured Goods (HL Only) - We will return to this after Market Equilibrium

EXAM PRACTICE