QUESTION

# ECON 545 Week 1 DQ 1 Supply and Demand

This paperwork of ECON 545 Week 1 Discussion Question 1 Supply and Demand comprises:

Let's discuss the tutorial Understanding and Applying Supply and Demand in our Lecture this week. What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar-sounding terms? influence your choice? How would changes in some of the above determinants impact your profitability?

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