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How would you compare elastic demand and inelastic demand in microeconomics?
What is the sum of the entire individual demands for goods or services?
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What are the 7 principles of economics?
What is the study of how the allocation of resources affects economic well-being?
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What comprises the formula for opportunity cost?
BU - EC 101 - Class Notes - Principles of Microeconomics, Week 7
BU - EC 101 - Class Notes - Week 7
BU - EC 101 - Class Notes - Week 8
What is welfare economics?
What is meant by price discrimination?
What is the study of how people behave in strategic situations?
How do you calculate implicit cost?
BU - EC 101 - ECON101 Chapter 1 and Appendix 2 Graphing Notes - Class
What do you call the quantity of goods and services produced from each unit of labor?
What is meant by producer surplus?
BU - EC 101 - Study Guide - Final

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