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Microeconomics in Action
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This 7 page paper uses a printed news article to illustrate microeconomics at work. The paper looks at an article from Business Week that predicts a new supplier in the telephony industry will cause prices to drop. This is used to show how supply, demand and elasticity are reflected in the article, the presence of a price floor and ceiling and the importance of organising production and costs. The bibliography cites 2 sources.
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Pages:
7
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Filename:TS14_TEeasymob.rtf |
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Paper Title:
Microeconomics in Action
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