Chapter
Basics of Demand and Supply and Forms of Market Competition
Economic and Business EnvironmentSub-part A: Economics (25 Marks)
5 topics
- Theory of Demand and Supply
- Equilibrium Price
- Elasticity of Demand and Supply and other related concepts
- Increase and Decrease in Demand and Expansion and Contraction of Demand
- Forms of Market Competition- Monopoly, Duopoly, Oligopoly, Perfect Competition and Monopolistic Competition