March 2013
Beginner
252 pages
6h 50m
English
Content preview from A Primer on Macroeconomics
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By the end of this chapter you will be able to:
1. State and explain the law of demand and the law of supply.
2. Draw and interpret demand and supply graphs.
3. Distinguish between a shift of a demand or supply curve and a movement along a curve, and show these cases correctly on a graph.
4. Determine equilibrium price and quantity and explain how the market adjusts when demand or supply changes.
5. Define shortage and surplus and predict their effects on the market price.
6. Specify the determinants of demand and supply and indicate how each must change for demand and supply to increase or decrease.
7. Distinguish between two goods that are substitutes and two goods that are complements.
8. Distinguish between normal ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.