Instructor
Caris Liew
Description
In this chapter you will learn how to:
- define the meaning of effective demand
- explain the importance of individual and market demand and supply
- explain the factors that affect demand
- explain the factors that affect supply
- analyse the causes of a shift in the demand curve (D)
- analyse the causes of a shift in the supply curve (S)
- distinguish between the shift in the demand or supply curve and the movement along these curves.
Curriculum
2.1.1 Effective demand
2.1.2 Individual and market demand and supply
2.1.3 Determinants of demand
2.1.4 Determinants of supply
2.1.5 Causes of a shift in the demand curve (D)
2.1.6 Causes of a shift in the supply curve (S)
2.1.7 Distinction between a shift in the demand and supply curves and the movement along these curves
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