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Unformatted text preview: income (jobs) 4. Taste/preferences ii. Price of Related Goods 1. E.g if price of house goes up demand for apartments go up 2. E.g if price of gasoline goes up demand for large vehicles goes down 3. Supply a. Changes in supply 4. Equilibrium, Shortage, and Surplus 5. Application 6. Elasticity...
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- Spring '08