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What is Microeconomics: Supply and Demand Basics about?

This document provides an introduction to microeconomics concepts including supply and demand. It discusses that economics involves matching limited resources to unlimited wants. Microeconomics analyzes choices made by individuals and firms. Models are used to represent important variables in economic analysis. The document then discusses the laws of supply and demand through supply and demand graphs. It explains how shifts in supply or demand curves can occur due to various factors like changes in costs, p

Author

Sandeep Shivhare

Language

EN