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ECONOMICS IA MICROECONOMICS STUDY GUIDE verified

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ACTIVITY 1.1 Note: Solutions to the questions marked with an asterisk (*) are provided at the end of this study unit. (a) Define economics (in one sentence). (b) What is the difference between wants and demand (in one or two sentences)? (c)* In Table 1-1 below, indicate by means of a tick in the appropriate column, which of the items are needs and which are wants.

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  • economics ia microeconomics study guide
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