1. What are the determinants of supply and demand and how do they affect the quantity supplied and quantity demanded? possible, state how the determinants of demand affect your personal demand curve for a certain good or service.
2. What is the law of demand? include a definition of the law of demand.
3. What is the law of supply? include a definition of the law of supply.
4. What are the equilibrium price and quantity? include how the concepts of supply, demand, and equilibrium apply to equilibrium price and quantity.