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Written Report Introduction To Economics AF2601: 09817099d Yu Li
Written Report Introduction To Economics AF2601: 09817099d Yu Li
Written Report Introduction To Economics AF2601: 09817099d Yu Li
Introduction to Economics
AF2601
Q1.1 Q2.1
09817099d
Yu Li
Q1.1
opportunity cost, not only should they find the next-best alternative
the value and the final step is to analysis the value to decide which
the best option is and which the next-best option is. These values
to the value of planting apple trees, it is not difficult to find out that
Q2.1
(1.1)
S
2
D
2
1.1 1.2
the price of CLP remains the same while its quantity demand
(3.1), we can find that its supply increases and its demand
decreases.
P S
S
0
1
5
1 D D
. O 2 3 0 Q1
6 , ,
5 6 6
6 1
0 0
Q
D D
0
S
1
1
S
0
1
4
4
9
2
,
.2O
P
6
6
3
.5
9
5
5
2.1 3.1