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Coordinating Choices: Demand and Supply in Microeconomics

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The Demand Curve

Shifts in the Demand Curve

Movement Along a Demand Curve

The Supply Curve

Shifts in the Supply Curve

Movement Along a Supply Curve

Market Equilibrium

Using the Supply and Demand Curves to Find Equilibrium

Effects of Surplus

Effects of Shortage

Consumer Surplus and Willingness to Pay

Producer Surplus and Willingness to Sell

Economic Surplus and Efficiency