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Rhonda B


Date added:

April 11, 2015








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Most Americans have more than one car, television, or computer. A large demand for the amount of things that an American wants will cause certain items or commodities to become scarce. This scarcity of products can also dictate the price he or she will pay for the item or commodity. “Microeconomics as the study of individual choice, and how that choice is influenced by economic forces...
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Microeconomics is the study of the prices of certain items or commodity, what he or she wants to buy, and how companies come up with the money to produce the goods that people want. Since many Americans are feeling the rising cost of these items or commodities they are now curbing their spending habits and not making purchases for high priced products such as televisions, cars, or vacations and instead now saving their money in order to buy food and fuel...
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