Micro Unit 2 Review List
This list is not all inclusive but should be used rather as a guide. If you think of anything else that should be included in this review, please inform me by emailing John Slonim.
- Demand determinants (vis. 2.3)
(activity #10)
- Determinants of Elasticity for Supply & Demand
(Total Revenue Test)
- Supply determinants (vis. 2.5)
(activity #13)
- Price Ceilings (vis. 2.9)
- Circular Flow
- Price Floors (vis. 2.10)
- Consumer Surplus
(activity #9)
- Change in Demand vs.
Change in Quantity Demanded (activity #10)
- Diminishing Marginal Utility
(activity #11)
- Change in Supply vs.
Change in Quantity Supplied (activity #12)
- Elasticity of Demand & Supply
(activity #17)
- Give reasons why demand curve
is downward sloping (activity #11)