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Slide 1Mr. Mayer AP Macroeconomics Demand and Supply Slide 2 Price and Quantity Price – the amount of money paid for an economic good/service – Ex. A gallon of gasoline…
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Unit 2 Test Review 1. A volcano erupts in Hawaii that destroys or damages many of the orchards that supply the US with pineapples. What will be the effect on prices and quantity…
AP Macroeconomics Demand and Supply Price and Quantity Price – the amount of money paid for an economic good/service Ex. A gallon of gasoline has a price of $3.00 Quantity…
Mr. Mayer AP Macroeconomics Mr. Mayer AP Macroeconomics Demand and Supply Price and Quantity Price – the amount of money paid for an economic good/service Ex. A gallon…