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Using your e-unit

Study Plan

Start with the Market Competition section and complete each chapter in the order shown (work down the list). Click on underlined text to move to the relevant page.

Sections

In the “Market Price” chapter you saw that the forces of supply and demand determine price in a competitive market (the equilibrium price). In this chapter you will look at the factors that can cause a shift in supply i.e. when businesses change their minds about how much they want to supply at each price.

You then need to look at the main causes of a shift in supply. In each case you will find examples and exercises to complete - it’s important that you attempt all of them.