NB # 1 NB # 1 If the economy is the #1 issue in politics, what can the government do to actually affect the economy? opening It is not from the benevolence of the butcher,…

Economics Chapter 6 Bringing Supply and Demand Together Balancing the Market The point at which quantity demanded and quantity supplied come together is known as equilibrium.…

Government in the Market Market Disequilibrium If quantity demand exceeds quantity supplied or quantity supplied exceeds quantity demanded, a disequilibrium will exist. In…

ECONOMICS DPM REVIEW ECONOMICS DPM REVIEW  Scarcity is everywhere! (Unlimited needs/wants-Limited resources) When a choice is made, the opportunity cost is the value of…

NB # 1 NB # 1 If the economy is the #1 issue in politics, what can the government do to actually affect the economy? opening It is not from the benevolence of the butcher,…

Price Floors and Ceilings We already know that markets tend to move towards equilibrium naturally, but sometimes this can create problems in the real-world... Government…