Below is Emilys demand curve for iTunes. How do we add income, a third variable, to price

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Below is Emily’s demand curve for iTunes. How do we add income, a third variable, to price and quantity purchased on our graph? Using a graph, explain what would happen if Emily had an increase in income. What would happen if Emily has a decrease in income?

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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