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The top documents tagged [supply function q s]
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1 Intermediate Microeconomics Equilibrium. 2 Partial Equilibrium We have now derived both the market demand curve (Q d (p)) and market supply curve (Q
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Supply and Demand Supply and Demand is the essential issue of economics. Economic agents: Households Economic agents: Business firms Markets for Outputs
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The law of Supply When the price of a good rises, the quantity supplied will also rise 1.Costs rise as output increases. 2.Higher price means more profit
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