Topics to Be Discussed a Supply and Demand ■ The market mechanisn Changes in Market Equilibrium a Elasticities of Supply and Demand a Short-Run Versus Long-Run Elasticities Chapter 2: The Basics of Supply and Demand Slide 2Chapter 2: The Basics of Supply and Demand Slide 2 Topics to Be Discussed ◼ Supply and Demand ◼ The Market Mechanism ◼ Changes in Market Equilibrium ◼ Elasticities of Supply and Demand ◼ Short-Run Versus Long-Run Elasticities