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Law of supply and demand
Invisible how it should work
what happens when people fight invisible hand
why do they usually enact price controls
What information would be on demand schedule
elements that economist look for when analyzing/forecasting demand
what are some factors that affect demand
what do people do when price increases on a certain product
Constants for demand curves
When demand increases what happens to the demand curve
What causes curve shifts
If you have 2 products that are the same what will happen to the demand curve
what does advertising do to supply and demand
Specialized products opportunity increases when you increase production what will cause firm to produce more
What happens in a product company when there are technological advances
what can cause quantity of product sold to decline
If something impacts a commodity there is going to be a leftward shift in something, what?
If price goes up and demand goes down what can cause that
If you decrease the price what can happen to supply
1 graph if you increase the number of producers of a product whats gonna happen to the graph
The price to make a product increases what does it do to the supply curve
effect of price ceiling
what happens to cheese if it is distributed by the government
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