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Explain these 1. MARKET INTERACTION a) Demand i. The law of demand ii. Movements Along and Shifts in Demand Curves iii. Factors affecting the demand

Explain these

1. MARKET INTERACTION

a) Demand

i. The law of demand

ii. Movements Along and Shifts in Demand Curves

iii. Factors affecting the demand curve:

b) Supply

i. The law of supply

ii. Movements Along and Shifts in Supply Curves

iii. Factors affecting the supply curve

c) Market equilibrium

i. Combining Supply and Demand

ii. Changes in market equilibrium

iii. Elasticity of demand

iv. Elasticity of supply

2. MARKET STRUCTURES

a) Perfect Competition

b) Monopoly

c) Monopolistic Competition

d) Oligopoly

e) Regulation and deregulation

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