JWI 515 Managerial Economics, Week2 summary, 10/21/12
Supply, Demand, Price, Quantity, Demand function & Demand curve,
Supply function & Supply curve, market equilibrium, shortages, surplus and how the
internet has changed the game are some of the concepts I learned this
week. Much of these I already learned from a class I took earlier in my
undergraduate education but working on the excel file to simulate supply-demand scenarios added a nice touch
to extend my learning and preparing me to better apply these concepts.
Dr DP
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