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#supply

analytics  What is the definition of the term 'microeconomics' and what are some key principles and applications of the field?

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited...    Read more

monetization_on  How do supply and demand affect prices?

Supply and demand are critical concepts that help determine the market price of goods and services in a market economy. The law of demand states that...    Read more