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Unformatted text preview: Supply & Demand Law of supply Law of demand Determinates of consumer demand Price Equilibrium Quantity Equilibrium Know the Difference between a Market Economy and a Command Economy Definition of Economics Definition of Microeconomics Definition of Macroeconomics Model Maslows Hierarchy Increase in Supply or Demand Increase in Quantity Supplied or Demanded Adam Smith Wants Needs Comparative Advantage Absolute Advantage Specialization Inverse Direct...
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This note was uploaded on 06/06/2011 for the course ECON 102 taught by Professor Dsilvia during the Fall '11 term at Moraine Valley Community College.
- Fall '11