week_3 - SCHOOL OF SLAVONIC AND EAST EUROPEAN STUDIES...

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S CHOOL OF S LAVONIC AND E AST E UROPEAN S TUDIES SESS1001 : Introduction to Economics Week 3 Dr. Eugene Nivorozhkin
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Supply and Demand Competitive market The supply and demand model The demand curve The supply curve Factors that cause the demand curve to shift, and factors that cause the supply curve to shift The equilibrium price How the equilibrium price changes when the supply and demand curves shift 2
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