'Effective price ceiling' presentation slideshows

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CH 4 Review Game

CH 4 Review Game. A change in price can result from I . A change in demand II. A change in supply I only B) II only C ) Both I and II D ) Neither I nor II. If other factors are held constant, a decrease in supply causes quantity supplied to decrease.

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AP Economics Unit 1 & 2 Review Questions

AP Economics Unit 1 & 2 Review Questions. Economically speaking, why are choices necessary?. Fundamentals. Define opportunity cost. Fundamentals. What is the difference between SCARCITY and SHORTAGE?. Fundamentals. What are the FOUR factors of production we defined in class?. Fundamentals.

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