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Lower price firms - PowerPoint PPT Presentation

EWMBA201a: Introduction to Supply and Demand

EWMBA201a: Introduction to Supply and Demand. Buyers Consumers: finished goods and services. Firms: raw materials, labor, intermediate goods. Sellers Firms: finished goods. Workers: skilled and unskilled labor. Resource owners: land, raw materials. Economic units come in two classes.

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Lower price firms - PowerPoint PPT Presentation

EWMBA201a: Introduction to Supply and Demand