Discuss: What does equilibrium price represent? What factors cause equilibrium to change and why is it important that prices are flexible in our economy?

1. Provide examples of a variable that affect the supply curve and a variable that affects the demand curve (You must refer to the determinants of demand and supply in your textbook) 2. Think of a product or service that use in your everyday life or workplace. Describe how the supply or demand of this […]

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