answer the following questions

What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.

What is the difference between a movement along and a shift of the demand curve? What is the effect on the equilibrium price and quantity that results from an increase in demand, supply, and both? Provide examples for each instance. What is the role of supply and demand in decision making? Provide a real-world example.

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