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Supply curve shifts left - PowerPoint PPT Presentation

The Market Forces of Supply and Demand

The Market Forces of Supply and Demand. Markets and Competition. Defn: Market - a place (can be virtual) where a group of buyers and sellers of a particular good or service meet Buyers Determine the demand for the product Sellers Determine the supply of the product.

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612 views • 50 slides

A.P. Economics

A.P. Economics. Warm Up : Illustrate a side-by-side market of a perfectly competitive firm experiencing economies of scale for three expansion phases. Long-Run Adjustments to Short-Run Conditions. A business can expand as long as

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220 views • 12 slides

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Supply curve shifts left - PowerPoint PPT Presentation

The Market Forces of Supply and Demand

A.P. Economics