AP MICROECONOMICS UNIT #2
Microeconomics. International. COLLEGE BOARD STANDARDS IN THIS UNIT. II. Nature and Functions of Product Markets—part one this unit (20–30%) A. Supply and demand (15–20%) 1. Market equilibrium. 2. Determinants of supply and demand. 3. Price and quantity controls. 4. Elasticity. a. Price, income, and cross-price elasticities of demand. b ... ................
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