Unit 1 – How Markets Work
- How Do Demand and Price Interact?
- What Can Cause Demand to Change?
- How Do Supply and Price Interact?
- What Can Cause Supply to Change?
- What Is Demand Elasticity? What Factors Influence It?
- What Is Supply Elasticity? What Factors Influence It?
- What Happens When Demand Meets Supply?
- What Happens When the Price Isn't “Right”?
- How Do Shifts in Demand or Supply Affect Markets?
- How Do Shifts in Demand or Supply Affect Markets?
- How Does Government Intervention Affect Markets?
- What Is Perfect Competition, and Why Do Economists Like It So Much?
- What Is a Monopoly, and Why Are Some Monopolies Legal?
- What Is an Oligopoly, and How Does It Limit Competition?
- What Is Monopolistic Competition, and How Does It Affect Markets?
- Market Failures: What Are Externalities and Public Goods?