CMA1.A1.a. demonstrate an understanding of the laws of supply and demand
CMA1.A1.b. interpret a graph of supply and demand
CMA1.A1.d. differentiate between changes in demand and changes in the quantity demanded
CMA1.A1.e. differentiate between changes in supply and changes in the quantity supplied
CMA1.A1.f. identify the market equilibrium price
CMA1.A1.g. demonstrate an understanding of how surpluses and shortages affect the market price
CMA1.A1.h. calculate the price elasticity of demand
CMA1.A1.i. define elastic and inelastic demand and identify each on a graph
CMA1.A1.k. calculate the price elasticity of supply
CMA1.A1.l. calculate the cross elasticity of demand and the income elasticity of demand
CMA1.A1.m. define externalities and identify their impacts
CMA1.A1.p. list the objectives of antitrust legislation
CMA1.A1.q. identify antitrust enforcement sanctions available to the Federal government
CMA1.A1.r. demonstrate an understanding of government regulation of natural monopolies
CMA1.A1.s. identify the impact of antitrust regulation on a firm
CMA1.A1.t. identify the impact of antitrust regulation on an industry
CMA1.A1.u. identify the impact of government regulation on a firm’s sales, prices, and costs,
CMA1.A1.v. identify the impact of government regulation on an industry
CMA1.A1.w. determine the impact of economic factors on the demand for a firm’s product