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UNDERSTANDING THE MARKETS

On the 14th of February we had a discussion on understanding the markets. We discussed factors that affected production and factors that influenced the behaviour of consumer demand. We were informed that price as a factor did not cause a shift in the demand curve or supply curve. However, other factors other than price caused shifts in the demand and supply curves. Price was a major factor that influenced the allocation of resources. Please find attached presentation slides of the seminar.

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