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2.5 Review Questions

Unit 2.5 - Review QuestionsTo test your understanding of this topic in the syllabus (Price determination), have a go at answering the following review questions.Define the term market equilibrium.Use an appropriate diagram to show drawing how demand and supply curves are used to establish equilibrium price and sales in a given market.What is meant by market disequilibrium?What is the difference between demand and supply...

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