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Demand supply curves - PowerPoint PPT Presentation

Chapter 2

Chapter 2. Demand, Supply, & Market Equilibrium. Demand. Quantity demanded ( Q d ) Amount of a good or service consumers are willing & able to purchase during a given period of time. General Demand Function. Six variables that influence Q d Price of good or service (P)

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499 views • 37 slides

Chapter 2

Chapter 2. Demand, Supply, & Market Equilibrium. Demand. Quantity demanded ( Q d ) Amount of a good or service consumers are willing & able to purchase during a given period of time. Demand. Six variables that influence Q d Price of good or service (P) Incomes of consumers (M)

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413 views • 32 slides

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Demand supply curves - PowerPoint PPT Presentation

Chapter 2

Chapter 2