Supply, Demand & Market Equilibrium Price
+ How does supply and Demand interact to determine price?
+ What determinants cause demand/supply to shift?
+ What effect does price have on the quantity demanded/supplied?
+ How does the "invisible hand" guide the market to equilibrium?
Unit 3 Vocabulary
Ceteris paribus, literally "holding other things constant," is a Latin phrase that is commonly translated into English as "all else being equal."
Monday September 19th
Tuesday September 20th
Wednesday September 21st