This is the Unit 2 of Cambridge A Level Economics Syllabus ( The price system and the micro economy).
- Individual and Market Demand Curves
- Factors influencing demand
- Movements along and shifts of a demand curve
- Price, income and cross-elasticities of demand
- Individual and Market Supply Curves
- Price Elasticity of Supply
- Equilibrium and Disequilibrium in the market
- Joint demand and alternative demand
- The workings/functions of the price mechanism
- Consumer Surplus and Producer Surplus
- Law of diminishing marginal utility
good for students and teacher for quick revision