When an individual demand curve shifts because of a change in income, will the new demand curve
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When an individual demand curve shifts because of a change in income, will the new demand curve always be parallel to the old one? Why or why not?
Would your answer change if we were talking about a shift in the demand curve resulting from a change in the price of a substitute or a complement? Explain your answer.
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Related Book For
Principles Of Macroeconomics The Way We Live
ISBN: 978-1429220200
1st Edition
Authors: Susan Feigenbaum ,R. W. Hafer
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