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1 1 What Is Economics and Why Is It Important 1 2 Microeconomics and Macroeconomics 1 3 How Economists Use Theories and Models to Understand
A price effect After a price increase each unit sold sells at a higher price which tends to raise revenue A sales effect After a price increase fewer units are sold which tends to
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Igcse Economics Worksheet How The Market Works Teaching Resources 30
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A price effect After a price increase each unit sold sells at a higher price which tends to raise revenue A sales effect After a price increase fewer units are sold which tends to
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Use graphs to answer these questions 2 Substitutes and complements Good A and good B are related to each other either being substitutes or comple ments Now the price of
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