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Give a real life example of a change in quantity demanded versus demand change -OR- a change in quantity supplied by supply change. 1. What's
Give a real life example of a change in quantity demanded versus demand change -OR- a change in quantity supplied by supply change. 1. What's changing? (more/less quantity or supply/demand) 2. How does price change? 3. How does quantity change? 4. What's changing? (your second example, quantity following a change in supply/demand or vice versa). 5. How does price change? 6. How does quantity change? |
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