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Question - MICROECONOMICS: Demand and Supply Graded Activity questions:
1. How will you relate to everyday economic activities Supply and Demand? Explain well.
2. Be able to give some meaningful examples how each determinant of supply and demand is put into real happenings.
3. Read and analyze this article: "Stronger Domestic demand to fuel Philippine Economic Growth in 2022,2023"- ADB (April 6, 2022).
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The Aggregate Demand for goods and services in an economy must at every moment equal the value of Real Gross Domestic Product because both are defined to be the sum of (C+I+G+X-IM).
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and butter. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape.
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