How do markets work? - where do buyers and sellers meet?
9 important questions on How do markets work? - where do buyers and sellers meet?
What is a supply function?
Which equation belongs to the supply curve?
How does a shift on the supply curve happen?
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Give examples that can cause a shift of the supply curve?
2. Technology increases and causes a different production method
What is the market equilibrium?
What is the price called on a certain point?
What is the quantity called on a certain point?
What is excess supply?
What is excess demand?
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