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Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

2 Supply and Demand

Talk is cheap because supply exceeds demand.

Learning Objectives

  1. Determine a good’s market price and quantity using supply and demand curves.

  2. Predict how an event that affects consumers or firms changes the market price and quantity.

  3. Analyze the market effects of government policy using the supply-and-demand model.

  4. Determine for which markets the supply-and-demand model is appropriate.

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Publisher Resources

ISBN: 9780134472553