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Essay

Demand And Supply

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Jerry M

 

Date added:

May 11, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2206

 

Was viewed:

482 times

 

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Essay content:

There is an old saying, that "if you can teach a parrot to say ?demand' and ?supply' you have created a trained economist."1 There is some truth to this saying as most problems in the economics can be examined by applying the rules of demand and supply. Therefore, the concepts of demand and supply can be claimed to be among the most important in economics...
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In order to understand either of them it is necessary to examine the factors that determine them. Although, a good's price relative to other goods is probably the most important factor influencing demand for most goods most of the time, there are other factors as well. These are disposable income, the price of complimentary goods and substitutes, tastes and preferences, expectations, size of population, advertising...
displayed 300 characters

General issues of this essay:
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