Topics, in course order
- 2.1DemandNot practicedLessonNotes
- 2.2SupplyNot practicedLessonNotes
- 2.3Price Elasticity of DemandNot practicedLessonNotes
- 2.4Price Elasticity of SupplyNot practicedLessonNotes
- 2.5Other ElasticitiesNot practicedLessonNotes
- 2.6Market Equilibrium and Consumer and Producer SurplusNot practicedLessonNotes
- 2.7Market Disequilibrium and Changes in EquilibriumNot practicedLessonNotes
- 2.8The Effects of Government Intervention in MarketsNot practicedLessonNotes
- 2.9International Trade and Public PolicyNot practicedLessonNotes
Practice this unit
Question setExam-style questions from this unit's 9 topics, with an explanation for every option.
Unit testA timed test on the whole unit, every topic weighted equally.
Tools for this unit2 trainers.
In this unit's tools
Trainers 2
Free-response questions 7
- A monopoly from a key resource: price, profit, deadweight loss, elasticity and a per-unit tax
- Rolled oats: a yearly inspection fee for every mill, losses, exit and a higher long-run price
- A per-unit tax on ferry rides: prices, revenue, incidence and deadweight loss, then a subsidy and its cost
- A small country opens its lentil market: comparative advantage, the gain from trade, imports and a tariff
- Elasticity from a demand schedule: price elasticity, the total revenue test and substitutes
- A binding price ceiling on kayak rentals: the shortage, the quantity rented and deadweight loss
- A competitive market for juice: consumer and producer surplus, then a rise in costs