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Applications of Demand and Supply Analysis to Particular Markets
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Applications of Demand and Supply Analysis to Particular Markets
Apply the model of basic demand and supply to the following markets...
- oil and copper markets
- agriculture (farming)
- housing
- health care
- sport and leisure
- leisure activities are normal goods so with increased income there will be increased demand for leisure activities (high income elasticity of demand)
- oil and copper markets
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- A Levels Economics (Unit 1, 2 The Allocation of Resources in Competitive Markets) Mind Map on Applications of Demand and Supply Analysis to Particular Markets, created by beth2384 on 30/12/2013.
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- beth2384
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