1. Outline for Wed, July 9Remember Quiz on Friday Homework due MondayReview from TuesdayElasticity Monopoly pricing Taxes and subsidies

2. Review from TuesdayFor complements, substitutes or inputs, it helps todraw two graphs 3. Review from TuesdayFor complements, substitutes or inputs, it helps todraw two graphsTo compute equilibrium: (1) Plug-in known values, (2)set QD = QS to solve for P, (3) plug back in for P 4. Review from TuesdayFor complements, substitutes or inputs, it helps todraw two graphsTo compute equilibrium: (1) Plug-in known values, (2)set QD = QS to solve for P, (3) plug back in for PDemand and supply functionsHow to graph themHow to add them upHow to interpret the signs +/-How to find the inverse