Unit 1: Economics and Globalization

Lesson 3c: Market Equilibrium and Efficiency
(So what happens to Price and Quantity?)

Assignments: Readings

Ch. 3, pp. 62-70, 75-80, (19th, 56-64, 69-74), "Market Equilibrium", "Additional Examples of Supply and Demand" Ch. 4, pp. 85- 90, (19th, 93-99), "Efficiently Functioning Markets" Supply, Demand, and Economic Efficiency Optional, but very useful Lecture Outline

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