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Q1. WHAT IS DEMAND? DEMAND CURVE? DEMAND SCHEDULE? Q2. WHAT IS SUPPLY? SUPPLY CURVE? SUPPLY SCHEDULE? Q3. WHAT IS THE MARKET? MARKET DEMAND? Q4. WHAT

Q1. WHAT IS DEMAND? DEMAND CURVE? DEMAND SCHEDULE?

Q2. WHAT IS SUPPLY? SUPPLY CURVE? SUPPLY SCHEDULE?

Q3. WHAT IS THE MARKET? MARKET DEMAND?

Q4. WHAT IS THE INCOME EFFECT? WHY DOES THE DEMAND CURVE SLOPE DOWNWARDS?

Q5. WHAT IS THE SUBSTITUTION EFFECT?

Q6. WHAT IS EQUILIBRIUM? MARKETEQUILIBRIUM?

Q7. WHAT IS PROFIT? WHY DOES THE SUPPLY CURVE SLOPE UPWARDS?

Q8. WHAT ARE MARKET ADJUSTMENTS?

Q9. WHAT ARE THE DETERMINANTS OF DEMAND?

Q10. WHATARE THE DETERMINANTS OF SUPPLY?

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