Principles of microeconomics with the help of statistics and graph
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Answer:
Microeconomics is a branch of economics that studies the behavior of individuals ... Demand is often represented by a table or a graph showing price and quantity ... Economics Help.
Explanation:
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Answer:
(This appendix should be consulted after first reading [/contents/2600d768-e2cf-4eb7-a936-db24ea0a10a8 Welcome to Economics!]) Economics is not math. There is no important concept in this course that cannot be explained without mathematics. That said, math is a tool that can be used to illustrate economic concepts. Remember the saying a picture is worth a thousand words? Instead of a picture, think of a graph. It is the same thing. Economists use models as the primary tool to derive insights about economic issues and problems. Math is one way of working with (or manipulating) economic models.
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