1. Market Price
   1. definition
      1. Price at which a product is currently selling
      2. go up if the demand is greater then supply
      3. go down if the supply is greater then the demand
2. supply
   1. how much firms will sell at different prices
3. demand
   1. how much will individuals buy at different prices
   2. change in demand
      1. shifted curve
4. Consumer surplus
   1. Difference between market price of a product
   2. the higher price a consumer would pa for the product
   3. rather then do without it
5. Markets
   1. factor
      1. buyers
         1. employers
      2. sellers
         1. sellers
      3. what?
         1. factors of production
   2. intermediate
      1. buyers
         1. wholesaler
         2. retailer
      2. sellers
         1. manufacurers
      3. what?
         1. sell to shops
   3. final
      1. buyers
         1. final users
      2. sellers
         1. shops
      3. what?
         1. market in which we do our daily shopping