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Quantity qs qd q3 - PowerPoint PPT Presentation

Chapter 2

Chapter 2. The Basics of Supply and Demand. Introduction. What are supply and demand? What is the market mechanism? What are the effects of changes in market equilibrium? What are elasticities of supply and demand?. Topics to Be Discussed.

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1.12k views • 91 slides

Chapter 2

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1.25k views • 90 slides

Chapter 2

Chapter 2. The Basics of Supply and Demand. Qustion: Suppose you bought an apple for 1,000 Won. Why 1,000 Won? Who determined it?. S. Price ($ per unit). P 0. D. Quantity. Q 0. Supply and Demand. The Supply Curve

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Quantity qs qd q3 - PowerPoint PPT Presentation

Chapter 2

Chapter 2

Chapter 2