lecture4.pdf - Elasticity Market supply and demand Price S1...

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Elasticity
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Quantity Price O Q 1 P 1 a S 1 D Market supply and demand
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Quantity Price O Q 2 Q 1 P 1 P 2 b S 2 S 1 D a Market supply and demand
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Quantity Price O Q 2 Q 1 P 1 P 2 S 2 S 1 D D ' a b Market supply and demand
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