Vazirligi I. A. Bakieva, X. S. Xadjaev, M. Z. Muhitdinova., Sh. Sh. Fayziyev. Mikroiqtisodiyot

CHAPTER II. The ten principles of economy

2.1. People are faced with the choice ............................................................ 19
2.2. The cost of something is the cost of what you have to give up to get the desired............................................................................................................ 20
2.3 A rational person thinks in terms of marginal changes............................ 21
2.4. People react to incentives ....................................................................... 23

5. 
   Trade for the benefit of everyone and usually the market is an excellent
   

way of organizing economic activity ............................................................ 24

5. 
   Sometimes the government has the opportunity to have a positive
   

impact on the market..................................................................................... 25
Brief conclusions ......................................................................................... 27
Control questions …………......................................................................... 28

CHAPTER III. Demand, offer, and market equilibrium

1. 
   Markets and competition 29
   
2. 
   Demand 31
   
3. 
   ^Offer 39
   
4. 
   Offer and demand together 43
   

Brief conclusions ......................................................................................... 52
Control questions …………......................................................................... 53

CHAPTER IV. Elasticity and methods of its calculation

4.1. The elasticity of demand ........................................................................ 55
4.2. The elasticity of offer ............................................................................. 67
4.3. Three types of elasticity of offer and demand 70
Brief conclusions ......................................................................................... 78
Control questions …………......................................................................... 79