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Lecture: introduction to supply and demandToday · 9:00 AM · 50 min · 1 speaker
Draft · review
Key conceptsPrice settles where the amount people want to buy equals the amount sellers want to sell.
Terms to knowEquilibrium price, surplus, shortage, elasticity.
To review
  • Practice questions on chapter 3.
  • Read the case study before Thursday's seminar.
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