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Exam (elaborations)
AP Macroeconomics: Section 2 Questions With Marking Scheme
AP Macroeconomics: Section 2
AP Macroeconomics: Section 2
AP Macroeconomics: Section 2 Questions With Marking Scheme 2 characteristics of a competitive market - Answer-1. many buyers and sellers 2. identical good or service /.the supply and demand model - Answer-a model of how a competitive market works /.5 key elements of the supply and demand model - Answer-1. demand curve 2. supply curve 3. demand and supply curve shifts 4. market equilibrium 5. changes in market equilibrium /.demand schedule - Answer-shows how much of a good or ser...
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