BSB113 Study Guide - Midterm Guide: Substitute Good, Demand Curve, Topic Sentence
Document Summary
Adapted from "coronary artery stents: identification and evaluation," by j. butany, k. I"m a bit confused at what we"re meant to be looking at. Theoretical models are not derived from real data. In a theoretical supply and demand model we are using the graphic/model to demonstrate and analyse a situation. This is possible because we can make certain assumptions that allow us to analyses the variables that we are interested in. The key assumption of our models is holding everything else constant. In our model this allows us to see quite clearly the relationship between price and quantity, to analyses the effect of what happens when we relax the ceteris paribus assumption etc. The recommended file format for submission is a single word document (note you will need to embed figures, graphs etc. within the document). It is also possible to submit your assessment as a pdf document (a single document which includes all your figures, graphs etc. ).
