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Khan Academy: Markets, Property Rights, and the Law of Demand

Curated by ACT

Practice what you have learned so far in this lesson. Topics include the role of property rights in markets, the income effect, and the substitution effect.

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Concepts
the income effect, markets, property rights, the law of demand
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Additional Tags
substitution effect, khan academy, markets, property rights, and the law of demand, law of demand, markets for goods and services, real property rights
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Practice