AP Unit II Supply, Demand and Equilibrium

Readings:  Modules 5, 6, 7, 54, 55
Determinants of Supply and Demand

  • Supply
    • Production functions: short and long run
    • Short Run Analysis
      • Marginal product and diminishing returns
  • Demand
  • Equilibrium

Review Videos
Diminishing Marginal Utility
Demand
Change in D v. Change in QD
Supply
Producer Theory
Fixed v. Variable Cost
Equilibrium

Practice Problems:
Unit 2 Practice Problems
Google Forms for Unit 2 practice problems

Notes:
Consumer Choice and PEd