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W11 Econ151 Group 8 Spring 2023 discussion
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Thanks to Caron-Lee, we remembered to record the questions for the group assignment this week.
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ECON151 W07 Group 8 case study group Qs
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ECON 151 W05 Case Study Group 8 discussion
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Qs 3&4 for Group 8 in ECON 151
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For more information see: http://truecostofhealthcare.net/the_pharmaceutical_industry/
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(What is a budget constraint? When income or pricee changes, how is the budget line affected?) This Economic 150 video teaches budget constraint, and change in income.
Question: What is an…
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Supply and Demand- How it Affects Price and Quantity
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Economic profit and if firms will enter or exit the industry.
Question: What is economic profit?
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Parts of the circular flow diagram.
Question: What are the parts of the circular flow diagram?
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Shifts in supply and demand.
Question: What effect do shifts in supply and demand have on quantity and price?
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