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Markets (Scope (Geographic, goods, services, groups), Producers (Supply…
Markets
Scope
Geographic
goods
services
groups
Producers
Supply
shortages
higher prices
Prices
opportunity cost
consumers
incomes
normal goods
Demand
Prices
#
Elasticity
Taxes
inferior good
other goods
complements
Advertisement
socio-economics
expected future price
marginal utility
DEMAND
Consumpion
Utility
Interaction
Limits
perfect competition
demand schedule