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The Basics of Supply and Demand: Intermediate Microeconomics Study Notes

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The Supply Curve

The Demand Curve

Shifts in the Supply Curve

Shifts in the Demand Curve

Market Equilibrium

Using the Supply and Demand Curves to Find Equilibrium

Percentage Change and Price Elasticity of Demand

Price Elasticity of Demand on a Graph

Effects of Taxes on a Market

Price Ceilings, Price Floors, and Black Markets