JC Economics Tuition Notes
Theory of Demand and Supply

In this Microeconomics chapter, students who enrol in our economics tuition will develop a better understanding of theory of demand and supply, seen in terms of the factors affecting demand and supply and the interaction between consumers and producers. It is also important to take note of the types of goods and services that affect the changes in demand and supply, which affects the market equilibrium. The relationship and changes in price and quantity will be better observed in real-world examples and case studies to facilitate conceptual understanding.