Part 2 Competition and the Invisible Hand Chapter 4 Elasticity Chapter 5 Demand: The benefit side of the market a Chapter 6 Perfectly Competitive Supply The cost side of the market Chapter 7 Efficiency and Exchange a Chapter 8 The Quest for Profit and the Invisible hand Chapter 4: Elasticity Slide 3MB MC Chapter 4: Elasticity Slide 3 Part 2 Competition and the Invisible Hand ◼ Chapter 4 Elasticity ◼ Chapter 5 Demand: The benefit side of the market ◼ Chapter 6 Perfectly Competitive Supply: The cost side of the market ◼ Chapter 7 Efficiency and Exchange ◼ Chapter 8 The Quest for Profit and the Invisible Hand