Chapter 4 2/25/08-Law of supply and demand The claim that the price of any good adjusts to bring the quantity supplied and quantity demanded for that good into balance.-Three steps to analyzing changes in Equilibrium Decide whether even shifts supply or demand curve Decide in which direction curve shifts
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This note was uploaded on 04/17/2008 for the course ECO 201 taught by Professor Zenker during the Spring '08 term at Elon.