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  3. Study Set
    Economics An Introduction
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    Exam 27: Simple Analytics of Supply and Demand
  5. Question
    Understand the Context in Which the Supply and Demand Model
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Understand the Context in Which the Supply and Demand Model

Question 62

Question 62

Short Answer

Understand the context in which the supply and demand model is developed.
-Explain why the focus of supply and demand analysis is strictly limited to exchange?

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