Unit 2.1: Demand theory

IB Economics: Unit 2.1: Demand theory

Unit 2.1 is the first section in microeconomics. In our introduction to Economics we considered the question of how resources are allocated in society and the first step to answering this question is examined in this chapter. Demand for goods and services is critical in understanding how markets work and allocate scarce resources.What you should know by the end of this chapter:The link to the attached pdf is revision...

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