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Microeconomics Study Notes: Foundations, Demand & Supply, Equilibrium, and Elasticity

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Market Equilibrium

Using the Supply and Demand Curves to Find Equilibrium

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

Percentage Change and Price Elasticity of Demand

Price Elasticity of Demand on a Graph

Determinants of Price Elasticity of Demand

Elasticity and the Midpoint Method

Introducing Taxes and Tax Incidence

Positive and Normative Analysis

Scarcity and Choice

People Respond to Incentives

People Are Rational