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Economics A Level (DONEEEEEEE)

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Pregunta:

What Assumptions does the Demand and Supply model Make? What does this lead to?

Autor: eric_galvao



Respuesta:

-Supply and Demand are Independent of Each other -All Markets are Perfectly Competitive -Ceteris Paribus. - This leads to the Model having little Real World Usage but helps understand how Supply and Demand Behave in a way that’s Easy, Simple and Understandable


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