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Describe and explain the economist’s definition of ‘demand’. 2. Describe and explain the economist’s definition of...

Describe and explain the economist’s definition of ‘demand’. 2. Describe and explain the economist’s definition of ‘supply’. 3. Explain the relationship between price and quantity for demand of goods and services and the supply of goods and services. 4. Explain the concept of ‘equilibrium’. Add references

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