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Lecture%207%20February%209

Lecture%207%20February%209 - Todays Agenda Supply and...

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Today’s Agenda Supply and demand with international trade Elasticity Price elasticity of demand importance computation strategies Other elasticities Please see me: Richa Pandey Dennis Stephen
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Market equilibrium under autarky domestic autarky domestic aut No trade with other countries
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Producer and consumer surplus under autarky domestic autarky domestic aut
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Market equilibrium with trade domestic world autarky domestic aut
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Market equilibrium with trade domestic world autarky domestic aut S dom D dom
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Market equilibrium with trade domestic world autarky domestic aut S dom D dom I m p o r t s
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