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Textbook Notes for Rojas, R.

UCLAECON 1Rojas, R.Fall

ECON 1 Chapter Notes - Chapter 6: Price Ceiling, Price Floor, Economic Equilibrium

OC10499162 Page
16 May 2018
0
Price controls are usually enacted when policy makers think that the market pricce of a good or service is unfair to buyers or sellers, but these polic
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UCLAECON 1Rojas, R.Fall

ECON 1 Chapter Notes - Chapter 4: Perfect Competition, Takers, Inferior Good

OC10499164 Page
16 May 2018
0
Supply and demand are the forces that make market economies work. They determine the quantity of each good produced and the price at which it is sold.
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UCLAECON 1Rojas, R.Fall

ECON 1 Chapter 7-15: Econ textbook chapters 7-15

OC104991638 Page
16 May 2018
0
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UCLAECON 1Rojas, R.Fall

ECON 1 Chapter Notes - Chapter 5: Time Horizon, Midpoint Method, Normal Good

OC10499164 Page
16 May 2018
0
Elasticity is a measure of how much buyers and sellers respond to changes in market conditions. Consumers buy more of a good when the price is lower, w
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