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Summary ECON101- Demand and Supply

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CONTENT Market and Prices Demand Supply Market Equilibrium

Institution
University Of KwaZulu-Natal (UKZN)
Course
Introduction To Economic Concepts 111 (ECON101)











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Connected book

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Michael Parkin Economics
  • 2010
  • 9781770255036
  • Unknown

Written for

Institution
University of KwaZulu-Natal (UKZN)
Course
Introduction To Economic Concepts 111 (ECON101)
All documents for this subject (6)

Document information

Summarized whole book?
No
Which chapters are summarized?
Chapter 3
Uploaded on
February 25, 2021
Number of pages
44
Written in
2020/2021
Type
Summary

Subjects

  • demand
  • supply
  • market equilibrium
  • equilibrium price
  • equilibrium quantity
  • change in demand
  • change in supply
  • shift in supply
  • shift in demand
  • change in price
  • law of demand
  • law of supply

Content preview

ECONOMICS 101
Demand and Supply

,Tutor Profile
Ntuthuko Hlela
- Economic Tutor at the University of KwaZulu Natal [UKZN].
- Member of the Golden Key Society for 2 consecutive years.
- Top Economics student at the University of KwaZulu Natal for 3
consecutive years.

,Content
1) Market and Prices
2) Demand
3) Supply
4) Market Equilibrium
5) What is next?

, Introduction
Demand and Supply are the core of Economics. In other words, you
not be able to understand Economics─ in fact, anything in life─ witho
grasping these concepts. Demand and supply determine price, a too
that is fundamental for Economic coordination.
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