Lecture Understanding economics (2nd edition): Chapter 2 - Mark Lovewell, Khoa Nguyen

Chapter 2 - Demand and supply, after this chapter, you will be able to: Describe the nature of demand, changes in quantity demanded, changes in demand, and the factors that affect demand; summarize the nature of supply, changes in quantity supplied, changes in supply, and the factors that affect supply; explain how markets reach equilibrium-the point at which demand and supply meet.