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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This note was uploaded on 04/24/2008 for the course ECON Intro-micr taught by Professor Alexander during the Spring '08 term at University of Houston.
- Spring '08