1. Graphically, represent the three general consumption decisions of an individual.
2. Graphically, understand the concept of opportunity cost in consumption.
3. Two fundamental factors that increase or decrease individuals consumption (shifting the budget constraint line to the left and to the right).
4. Graphically, practice how to represent the increasing/decreasing of the above two factors.
5. Graphically, represent the Law of Demand.
6. Graphically, represent the Law of Supply.
7. Graphically, represent the standard market graph.
8. In the standard market graph, represent the equilibrium, the price of equilibrium, and the quantity of equilibrium.