Exercises
Demand and Supply
Demand and Supply
Skills required: Understand the background information, able to draw a supply-demand diagram, identify the relationship between two products, understand the meaning of competitive supply, able to show the change in demand in the diagram
Skills required: Understand the background information, able to draw a supply-demand diagram, identify the relationship between two products, understand the meaning of complement, able to show the change in demand in the diagram
Skills required: Understand the background information, able to draw a supply-demand diagram, identify the relationship between two products, , understand the meaning of derived demand, able to show the change in demand in the diagram
Skills required: Understand the background information, able to show the current condition in a diagram, understand the meaning of shortage, able to draw a supply-demand diagram, able to show the change in demand in the diagram
Skills required: Understand the meaning of substitutes, understand the relationship between two products, able to draw a supply-demand diagram, able to show the change in demand in the diagram
Skills required: Understand the background information, able to show the current condition in a diagram, understand the meaning of surplus, able to draw a supply-demand diagram, able to show the change in demand in the diagram
Skills required: Understand the meaning of complement, understand the relationship between two products, able to draw a supply-demand diagram, able to show the change in demand in the diagram
Skills required: Understand the meaning of derived demand, understand the relationship between two products, able to draw a supply-demand diagram, able to show the change in demand in the diagram