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AP®︎/College Microeconomics
Course: AP®︎/College Microeconomics > Unit 2
Lesson 1: Demand- Markets and property rights
- Law of demand
- Deriving demand curve from tweaking marginal utility per dollar
- Market demand as the sum of individual demand
- Substitution and income effects and the law of demand
- Markets, property rights, and the law of demand
- Price of related products and demand
- Change in expected future prices and demand
- Changes in income, population, or preferences
- Normal and inferior goods
- Inferior goods clarification
- Change in demand versus change in quantity demanded
- Demand and the determinants of demand
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