![]() Quantity of a commodity that buyers are willing and are able to buy at a given price over a given period of time.įactors that influence the demand of a product/determinant of demand. M.) Other methods of determining price of a product. L.) Effects of shift in a demand curve and shift in a supply curve on equilibrium price and quantity I.) Movement along a supply curve and shift in the supply curve j.) Equilibrium price and quantity G.) Factors which influence supply of a product h.) Supply schedule and supply curve K) Explain the effects of excess demand and excess supply in the market ġ) Explain the effect of a shift in demand curve on equilibrium price and equilibrium quantity m) Explain the effect of a shift in supply curve on equilibrium price and equilibrium quantity n) Explain other methods of determining price of a product.ī.) Factors which influence demand for a product c.) Derived demand and joint demandĮ.) Movement along a demand curve and shift in a demand curve f.) Meaning of supply J ) Determine equilibrium price and quantity I) Distinguish between movement along a supply curve and shift in supply curve H) Derive a supply curve from a supply schedule G) Explain the factors which influence supply of a product Purpose and limitations of a trial balanceīy the end of the topic the learner should be able to:ī) Explain the factors which influence demand for a product Ĭ) Distinguish between derived demand and joint demand ĭ) Derive a demand curve from a demand schedule Į) Distinguish between movement along a demand curve and shift in the demand curve.Recording business transaction in the ledger accounts.Rules of posting of various ledger accounts.Initial and final capital of a business.Effects of transactions on the balance sheet.Implication of population size and structure on development.Factors which influence the level of national income.Problems encountered in measuring national income.Intermediaries in the distribution chain.Features of various types of product markets.Implications of production activities on the environment and community health.Localization and delocalization of firms in an economy.Decision on what goods and services to produce.Other methods of determining price of a product.Effects of shift in a demand curve and shift in a supply curve on equilibrium price and quantity.Movement along a supply curve and shift in a supply curve.Factors which influence supply of a product.Movement along a demand curve and shift in a demand curve.Factors which influence demand for a product.High School level Business course notes and test papers.
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