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SS2: ECONOMICS - 2ND TERM

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  1. Economic System | Week 1
    5 Topics
    |
    1 Quiz
  2. Labour Market I | Week 2
    4 Topics
    |
    1 Quiz
  3. Labour Market II | Week 3
    4 Topics
    |
    1 Quiz
  4. Elementary Treatment of Utility | Week 4
    4 Topics
    |
    1 Quiz
  5. Price Determination I | Week 5
    5 Topics
    |
    1 Quiz
    1. Determination of Equilibrium Price
    2. Demand and Supply Schedule
    3. Effect of Changes in Demand and Supply on Equilibrium Price and Quantity
    4. Elasticity of Demand
    5. Price Elasticity of Demand
  6. Price Determination II | Week 6
    3 Topics
    |
    1 Quiz
  7. Price Determination III | Week 6 contd
    5 Topics
    |
    1 Quiz
  8. Market Structure I | Week 7
    3 Topics
    |
    1 Quiz
  9. Market Structure II | Week 8
    6 Topics
    |
    1 Quiz
  10. Industries in Nigeria | Week 9
    4 Topics
    |
    1 Quiz
  11. Industries in Nigeria | Week 9 contd
    7 Topics
    |
    1 Quiz
  12. Agricultural Policies | Week 10
    3 Topics
    |
    1 Quiz

Quizzes

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SS2: ECONOMICS – 2ND TERM Price Determination I | Week 5
Lesson 5 of 12
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Price Determination I | Week 5

Performance Objectives:

By the end of this lesson, you should be able to:

  • Identify the equilibrium price and quantity
  • Explain the effect of change in demand-supply on the equilibrium price and supply
  • Explain the elasticity of demand 
  • Illustrate the types of price elasticity of demand
Lesson Content
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