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**Supply and Demand- Economics MAJOR HELP**

  • 30-01-2011 5:38pm
    #1
    PictureFrame
    Registered Users Posts: 3,989 ✭✭✭


    Hey. I’m doing Economics outside of school and covered Supply and Demand this week. I’m using Rapid Revision Economics as my teacher and would like to know if there’s anything left out of the chapter that I would have to learn?. I learnt the following about this chapter.

    Explain Factor/Intermediate/Final market
    What is a Demand schedule
    What is the law of Demand
    Draw and label a Demand curve
    What does the law of Demand not apply to
    The Factors that affect Demand
    What is a normal/inferior good
    What is income/real income
    Draw a rise in Demand curve
    When does a fall in Demand occur
    Draw a fall in Demand curve
    What is a demand function?
    What is a consumer surplus
    What is individual/market supply
    What is the law of Supply
    Draw a supply curve
    What factors affect supply
    Draw a fall in Supply curve
    When does a rise in supply occur
    Draw a rise in supply curve
    A supply function
    What is a producer surplus
    What is equilibrium price
    Is this all that has to be covered?. Would I be better getting a textbook? All replies welcome! Thanks


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