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Define the tools of Competitive market.
Competitive market:
The supply and demand model
a. The demand curve
b. The supply curve
c. Factors which cause the demand curve to move, and factors which cause the supply curve to move
d. The equilibrium price
e. How the equilibrium price changes while the supply and demand curves move
This is a maple assignment, but it is also a research assignment. You will have to consult earlier worksheets, textbooks, and perhaps the internet to answer some of these questio
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