Question
answer the following *slope of Demand *slope of Supply *Non-Price Determinants of Demand *Non-Price Determinants of Supply *Market Equilibrium (Graph) *Market Equilibrium (Table) *Surplus *Shortage
answer the following *slope of Demand *slope of Supply *Non-Price Determinants of Demand *Non-Price Determinants of Supply *Market Equilibrium (Graph) *Market Equilibrium (Table) *Surplus *Shortage *Shifts in Demand and/or Supply, changes in Equilibrium *Factors influencing Price Elasticity of Demand (substitutes, etc...) *Perfectly Inelastic Demand *Relationship between Price Elasticity of Demand and Total Revenue *Calculation of Price Elasticity of Demand (problem) *Income Elasticity of Demand *Cross-price Elasticity of Demand *Total Utility, relationship to Marginal Utility *Diminishing Marginal Utility *Utility Maximizing rule - Marginal Utility per dollar equal over all goods
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