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Use Principles of Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the source for all your information.

List the fundamental Ten Principles of Economics from Chapter 1 and under each principle:

· Give a real or imaginary specific application or example that has meaning in your professional or personal life. Be sure to define terms so your response stands alone and could be understood by someone not in this class. 

· Cite and reference.

· APA format; intro, body and conclusion.