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Explains national income equilirbium thr...

Explains national income equilirbium through aggregate demand and supply. Use diagram. Also explains the changes that take place in an economy when the economy is not in equilibrium.

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If equilibrium price of a good is greater than its market price, explain all the changes that will take place in the market. Use diagram. OR Explain the changes that will take place in the market when market price of a good is less than its equilibrium price. Use diagram.

Explain the effect of shift in demand on equilibrium price and quantity. Use diagram.

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