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This is an introduction to demand and supply. In this chapter, you will learn about the following: demand, supply, and equilibrium in markets for goods and services; shifts in demand and supply for goods and services; changes in equilibrium price and quantity, the Four-Step Process; and price ceilings and price floors.
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Classroom Considerations
- Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional