market forces of supply and demand

Chapter 4 Market Forces of Supply and Demand

1) From Principles of Economics use the Individual principles # 1, 2, 3 & 4

1.1) Graph and explain in detail the Demand Curve

1.2) Graph and explain in detail the Supply Curve

2) From Principle of Economics use the Interacting principles # 5, 6 & 7

1.1) Graph and explain the market forces to get Price Equilibrium for Perfect Competitive Markets of Commodities.

1.2) Graph and explain when the price is above Price Equilibrium. Is Qs and Qd equal ?

1.3) Graph and explain when the price is below Price Equilibrium. Is Qs and Qd equal ?