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Published byElfrieda Crawford Modified over 9 years ago
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My short report is about: - Supply - Supply curve - Business cycle
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Supply and Supply curve
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Supply technology expectations input price price law of supply individual supply supply schedule supply curve market supply change of price others factors movement shift of along curve supply curve
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Price of pizzaQuantity of pizza 0.000 0.500 1.001 1.502 2.003 2.504 3.005
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4 phases: : expansion, peak, contraction, recession and trough GDP is its indicator GDP can change for many economico or non reason The business cycle is a useful theory and helps people to understand what is occurring in economy
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