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Lecture

Unit Demand Curves and Market Supply.docx

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Department
Economics
Course
ECON 2210
Professor
M.Yu
Semester
Fall

Description
Unit Demand Curves and Market Supply Unit Demand Curves (A Special Case) - The last consumer to enter the market is called marginal consumer, this person receives no consumer’s surplus - Intra marginal consumers in the market get consumer’s surplus - Notion of a market demand curves based solely on unit demands on the part of consumers is extraordinarily useful - Allows us to extend the law of demand at a market level where it m
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