Supply and Demand
This review will guide you through an adaptive, research-backed study session. As you answer questions, we will actively assess your current understanding of the material. Questions will continue to be drawn until you have demonstrated mastery of each learning objective.
Reviews are graded based on completion. You will receive full credit for achieving 100% mastery or answering all questions.
Learning objectives for this review:
- Describe the laws of supply and demand and how they interact to determine market equilibrium.
- Analyze the effects of shifts in supply and demand on market equilibrium.
- Explain the concept of elasticity and its importance in economics.