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Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in the supply curve for that good. Describe the effect on equilibrium price and quantity of each factor. Finally, explain how the shifts in demand and supply are different from movements along the demand curve or movements along the supply curve and why the distinction is important.
Your papers must demonstrate a comprehension of the issue based on facts, not opinion. Facts may be from the course or other stated references.
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The annual income from an apartment complex is $20,836. The annual expense is estimated to be $2,463. The apartment complex could be sold for $144,351 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
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