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PAM 2000 Section 1

PAM 2000 Section 1 - Supply function Qs = G(P x Input...

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PAM 2000 Section 1 – January 27, 2008 Chapter 2, Perloff Demand function: Q d  =  F (P x , P y , I,T&P) T&P = tastes and preferences - Changes in all factors except for P x  results in shift of demand curve - Changes in P x  results in movement along demand curve
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Unformatted text preview: Supply function: Qs = G(P x , Input prices, taxes and subsidies, technology)-Changes in all except for P x results in shift of demand curve-Changes in P x results in movement along demand curve...
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