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This lesson looks at supply and demand and looks at the supply curve in detail.
Up Next in Term 2
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Business Sectors
There are three groups of businesses that exist in an economy. This lesson looks at businesses that are classified into 3 types and the sustainable resources in the sectors.
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Price Theory Supply
We take a deeper dive into how to graphically illustrate the supply curve.
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Relationship between equilibrium pric...
Market equilibrium is the point at which demand and supply are the same and demand equals supply. This lesson will explore the relationship between equilibrium price and quantity.
