Chapter 4: Supply and Demand - Part 1

What is a market? 3:20 Characteristics of perfectly competitive markets 4:24 Demand 13:39 The law of demand 14:30 The income and substitution effects 16:42 A demand schedule 19:48 The demand curve 21:50 The market demand curve 24:31 The determinants of demand - what causes a demand curve to shift? 34:42 Income 35:17 Prices of related goods 42:27