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Part 2 of Economics 101 focuses on demand, supply, and elasticity, exploring how market prices are determined and how quantities vary with price changes. It covers key concepts such as demand and supply schedules, equilibrium prices, and the effects of government intervention, alongside the calculation and application of elasticity in economic decision-making. Students are expected to engage with readings from specified chapters and apply theoretical concepts to real-world scenarios.

Author

andilenxumalo0765

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EN