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Chapter 6 Production and Costs
Data interpreting: Input-output relationship
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Chapter 7 The Objectives and Expansion of Firms
Abbreviations Using
Data interpreting: Cost-output relationship
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Chapter 8 Determination of Market Price
Graph drawing: Drawing demand/supply curve(s)
Maths Skills Developing: Rectangular coordinate system
Abbreviations Using
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Chapter 9 Changes in Market Prices
Data interpreting: Events/situations leading to change(s) in demand and/or supply
Graph drawing: Indicating the change(s) in demand and/or supply curve(s)
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Chapter 10 Price Elasticity of Demand and Supply
Maths Skills Developing: Properties of triangles: price elasticity of demand along a linear demand curve
Data interpreting: Total revenue and elasticity of demand
Graph drawing: Drawing demand/supply curves under different elasticities of demand/supply