Economics (McConnell), 18th EditionChapter 3:
Demand, Supply and Market Equilibrium (+ Appendix)IN THIS CHAPTER YOU WILL LEARN:
- What demand is and what affects it.
- What supply is and what affects it.
- How supply and demand together determine market equilibrium.
- How changes in supply and demand affect equilibrium prices and quantities.
- What government-set prices are and how they can cause product surpluses and shortages.
- (Appendix) How supply and demand analysis can add insights on actual-economy situations.
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