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Micro 12 > Theme 1.2 - Supply + Demand > Flashcards

Theme 1.2 - Supply + Demand Flashcards

1
Q

What is altered by shifts in the curve?

A

The equilibrium

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2
Q

Define equilibrium (In context of supply + demand)

A

Point of interaction between supply + demand
Point of intersection on curve

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Micro 12 (26 decks)

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