Contents

A) Introduction
v  Market
v  Desire
v  Price
v  Utility
v  Demand

B) Detailed study of Demand
v  Demand for products
v  Law of demand
v  Levels of demand
v  Demand Schedule
v  Demand Curve

C) Detailed study of Supply
v  Supply of a Commodity
v  Output and Supply
v  Law of supply
v  Supply Schedule
v  Supply Curve

D) Markets in Action
v  Equilibrium Price
v  Price Determination
v  Movements of demand curve
v  Causes of Shifts in Demand Curve
v  Movements along the demand curve
v  Effects of changes in demand on Market Price
v  Movements of supply curve
v  Causes of Shifts in Supply Curve
v  Movements along supply curve
v  Effects of changes in supply on Market Price
v  Non-market prices
v  Commodities with fixed supply
v  Imposing Taxes
v  Granting Subsidies