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August 23, 2007
Supply and Demand
We begin with supply and demand. The traditional approach is to divide this into the Theory of the Consumer and the Theory of the Firm.
The Theory of the Consumer relies heavily on the Two Goods - Two Prices diagram.
We are paying particular attention this semester to an important property of indifference curves:
Posted by bparke at August 23, 2007 11:39 PM