Textbook Notes for Khuong Truong

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UWECON102Khuong TruongFall

ECON102 Chapter Notes - Chapter 1-3: Inferior Good, Demand Curve, Normal Good

OC3771427 Page
12 Mar 2015
28
Scarcity: inability to get everything we want. What society can get is limited by the productive resources available. Incentive: reward that encourages
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