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Lecture

[ECON 101] - Supply and Demand's Effect on the Market Equilibrium

2 Pages
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Department
Economics
Course Code
ECON 101
Professor
Emanuel Carvalho

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Description
Sept 27 2011 Supply and Demands Effect on the Market Equilibrium Midterm Test th 2779pm Biology127135 Multiple Choice From first lecture to Changes in Demands and Supplies and how they affect theEquilibriumFocus on ContentDone in classSupply and Demands Effect on the Market Equilibrium of a Commodity ScfPcCfPoc Efp Fn TNumber of Firms in the Industry FnIncrease in the firms more production increase in supply Decrease in the firms less production decrease in supply Technology T Technology reflects how factors of production can best be combined to produce acommodity Increase in technology more cost effective methods of production firms willincrease the supply Summary1 A change in the price of the commodity will change the result will be a movement
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