Supply and Demand Model

Supply and Demand Overview


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Learning Objectives

Linear Parameters: Inspect the algebraic specifications of parameter (slope and intercept) changes using a linear model. A simplified view of how to specify changes in the Supply and Demand functions.
Shift Variables: Demonstrate the economic consequences and market impacts of changes in shift factors. Select the shift variable for Supply and Demand and, the magnitude and direction of the change and, then see the graphical (and numerical) results.
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