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Define the tools of Competitive market.
Competitive market:
The supply and demand model
a. The demand curve
b. The supply curve
c. Factors which cause the demand curve to move, and factors which cause the supply curve to move
d. The equilibrium price
e. How the equilibrium price changes while the supply and demand curves move
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Minimum wage laws are common in many countries. The debate over minimum wage includes claims about the impact of this action on employment levels and wage levels. What impact does
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