Lecture Issues in economics today - Chapter 2: Supply and demand
Lecture Issues in economics today - Chapter 2: Supply and demand
Upon completion of this lesson, the successful participant will be able to: Illustrate and explain the economic model of supply and demand; define many terms, including supply, demand, quantity supplied, and quantity demanded; utilize the intuition behind the supply and demand relationships as well as the variables that can change these relationships to manipulate the supply and demand model.