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- curves
- Demand
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- movements along the demand curve
- movements along the supply curve
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- price ceiling
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Tag Archives: price ceiling
Market determined prices – Equilibrium and alternatives.
Question: Yesterday in class Annabel asked “sir what do you mean by this “Alternatively the government might decide that the market determined price for a commodity to be to low” ?” So what does this mean? Firstly price ceilings: You … Continue reading
Prelim Topic 3: Markets 