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18 Aug 2020
Changes in demand factors other than the price of the good would result in a change in demand.
a. An increase in demand is depicted as a rightward shift in the demand curve.
b. An increase in demand means that consumers plan to purchase more of the good at each possible price.
c. A decrease in demand is depicted as a leftward shift of the demand curve
d. A decrease in demand means that consumers plan to purchase less of the good at each possible price.
Changes in demand factors other than the price of the good would result in a change in demand. |
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a. An increase in demand is depicted as a rightward shift in the demand curve. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
b. An increase in demand means that consumers plan to purchase more of the good at each possible price. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
c. A decrease in demand is depicted as a leftward shift of the demand curve | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
d. A decrease in demand means that consumers plan to purchase less of the good at each possible price. |
Insha FatimaLv10
26 Sep 2020
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