Indicate which curve shiftedand in which directionfor each of the following. Assume that only one curve shifts.
Question:
a. The price of furniture rises as the quantity bought and sold falls.
b. Apartment vacancy rates increase while average monthly rent on apartments declines.
c. The price of personal computers continues to decline as sales skyrocket.
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
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