What is a market? what two questions are answered by the supply and demand model? 2. what factors determine the amount

What is a market? what two questions are answered by the supply and demand model? 2. what factors determine the amount demanded of some good, service, or asset? how will the amount demanded change in response to an increase in each of these factors? what is the difference between a complementary good and a substitute good? 3. how do we derive a two-dimensional demand curve from this (multi-dimensional) relationship? what does ceteris paribus mean, and what does it have to do with the derivation of the demand curve?

Asked on September 7, 2017 in No Category.
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