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3. Market Conditions in a Market Economy

3. Market Conditions in a Market Economy

$10.00 per 6 months

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3. The Conditions of Supply and Demand in a Market Economy

Category: Microeconomics Tutorials Tags: easy economics, economics 101, market economy, microeconomics, price mechanism

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Description

This Introduction to Microeconomics course explains:

♦The role of markets,
♦The market economy,
♦The price mechanism,
♦The law of demand and supply,
♦Conditions of demand and supply,
♦Market equilibrium, and
♦Shortages and surpluses in the market.

Economics games shortage and surplus in an economy

Economics games changes to conditions of demand

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