2.1 – 2.9

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Course Description

2.1 Microeconomics and macroeconomics
2.2 The role of markets in allocating resources
2.3 Demand
2.4 Supply
2.5 Price determination
2.6 Price changes
2.7 Price elasticity of demand (PED)
2.8 Price elasticity of supply (PES)
2.9 Market economic system
2.10 Market failure
2.11 Mixed economic system

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Chapter Of Binder: Allocation Of Resources

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