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April 20, 2014

Homework Help: Microeconomics

Posted by Ms. Jones on Sunday, September 11, 2011 at 5:37pm.

I am having a hard time answering these questions. I just need them explained to me so that I really understand them, when I get ready to take my test.

1. How do changes in demand/supply affect prices?

2. How does a change in demand/supply affect the equilibrium price?

3. How does a tax cut affect prices?

4. How do taxes affect behavior?

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