Buffl
Buffl
VWL

Lecture 6

DD
by Dosty D.

What is Equilibrium?

What is a “Market Equilibrium“? (Rest of the two sites are for understanding)

What is a “Shortage“ & a “Surplus“ and what does it say about Equilibrium?

What outcome accrues when it comes to an Increase / Decrease of Demand & Supply?

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Dosty D.

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