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Expound the concepts of market equilibrium

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Reference no: EM131734303

QUESTION 1

A) many factors influence buying plans and one of them is price. We look first at the relationship between the quantity demanded of good and its price.

  • Explain law of demand
  • other factors of demand
  • demand curve

B) Expound the concepts of market equilibrium and the effects of government intervention.

QUESTION 2: When a firm price discriminates, it looks as through it is doing its customers a favour by offering low prices to some of them. at time some firms are charging the highest possible price for each unit that it sells and making the largest possible profit. Discuss

  • Price discrimination
  • types of price discrimination#

QUESTION 3: A) Give Brief notes of each question.

  • market structure
  • behavioural economics
  • monopoly
  • bundling

Reference no: EM131734303

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