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Introduction to Economics (Course Guide)

Course Materials

Supply and Demand

Course Competencies

Do you understand how to...?

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  • assess the role price plays in a market economy
  • apply supply analysis to price determination
  • apply demand analysis to price determination
  • identify the determinants of supply
  • identify the determinants of demand
  • use supply and demand analysis to predict market outcomes
  • analyze the impact of various institutions on economic outcomes
  • examine the consequences of government intervention
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