Textbook notes
ECON1: Supply & Demand, Efficiency, and Opportunity Cost
- Course
- Microeconomics (ECON1)
- Institution
- University Of California - Santa Barbara
The basics of Supply & Demand, Efficiency, and Opportunity Costs. Full of scenarios and examples showing the effects of the Invisible Hand Theory by Adam Smith. Includes the differences between Consumer and Supplier Surpluses, how efficiency vs. equity change the economy, and explains contrasts bet...
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