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Chapter 4 : demand marginal utility demand schedule elasticity substitutes elastic microeconomics unit elastic change in quantity demanded substitution effect complements know elastic, inelastic, unit elastic demand schedule and demand curve – label and diagram .

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  1. Chapter 4:demandmarginal utilitydemand scheduleelasticitysubstituteselasticmicroeconomicsunit elasticchange in quantity demandedsubstitution effectcomplementsknow elastic, inelastic, unit elasticdemand schedule and demand curve – label and diagram

  2. Chapter 5:Law of Supplyshort runoverheadmarket supply curveLaw of Variable Proportionschange in supplytotal costsupply elasticitymarginal costtotal producttotal expenditurestages of productionprofit maximization know: elastic, inelastic, unit elasticsupply schedule and supply curve – how to label and diagram

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