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  This week, we learned that the interaction of supply and demand determines prices and output levels in markets. Prices and output levels change when either the demand curve or the supply curve shifts. Sometimes price and output both increase and decrease. Sometimes one increases...

 After the fall of the Mongols, China was ruled by the native Ming Dynasty for nearly three centuries. The dynasty’s founder ruled for thirty years, becoming more paranoid and despotic over time. Though very few of his successors were particularly good rulers, China thrived in...