Markets and Price Determination · Supply & Demand
Demand and Supply Analysis
Examining the determinants of demand and supply and the process of price adjustment.
Key Questions
- 1How do changes in consumer preferences alter market outcomes?
- 2What incentives drive producers to change their output levels?
- 3How does the price mechanism signal information to market participants?
MOE Syllabus Outcomes
MOE: Markets and Price Determination - JC1
Level: JC 1
Subject: Economics
Unit: Markets and Price Determination
Period: Supply & Demand
Suggested Methodologies
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