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Terminology of microeconomics 1.Define these terms in your words (minimum two sentences) Offer Comparative selling law Change in demand quantity Efficiency Change in offer Balance

Terminology of microeconomics

1.Define these terms in your words (minimum two sentences) Offer Comparative selling law Change in demand quantity Efficiency Change in offer Balance Opportunity cost Shortage Economic fluctuations

2. Difference between change in quantity demanded versus change in demand.

3. Difference between change in quantity supplied versus change in supply.

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