O Name: Pd Unit 2: Supply and Demand I. The Nature and Function of Product Markets . .(55-70%) A. Supply and demand (15-20%) 1 . Market equilibrium (Module 7) 2. Determinants of supply and demand (Modules 5 and 6) Demand: Supply: 1. 1. 2. 2. 3. 3. 4. 5. 6 . 3. Price and quantity controls (Modules 8 and 9) 4. Elasticity (Modules 46-48) a. Price, income, and cross-price elasticities of demand b. Price elasticity of supply 5. Consumer surplus, producer surplus, and allocationficiency (Module 49) 6. Tax incidence and deadweight loss (Module 50) 7. World trade, tariffs, and quotas (Module 44) Scanned with CamScanner