Title: Module 3 Introduction: (CU1 M3)
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 1 Module 3 - The Interaction of Demand and Supply

This Module introduces the demand side of a market, the supply side of a market, how demand and supply interact to form a market equilibrium, and how both demand and supply are determined by prices and other factors. Moreover, how market equilibrium results from demand and supply and how a market equilibrium changes when demand or supply changes are also covered.

Module Outcomes:

- Know the laws of demand and supply.
- Graph a demand curve and a supply curve.
- Know how various factors affect demand and supply; show these effects on graphs.
- Define a market equilibrium in words and in a demand-supply diagram.