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9. Movements along versus shifts of demand curves Consider the market demand for cereal. Complete the following table by indicating whether an event will cause
9. Movements along versus shifts of demand curves
Consider the market demand for cereal.
Complete the following table by indicating whether an event will cause amovement alongthe demand curve for cereal or ashiftof the demand curve for cereal, holding all else constant.
Event Movement Along Shift
a) An increase in the price of cereal
b) A decrease in the price of milk (a complement for cereal)
c) An increase in the number of consumers
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