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III. Price change and demand a . At the beginning, the price of Q 1 is P 1 - $ 9 . What's the consumer's

III. Price change and demand
a. At the beginning, the price of Q 1 is P1-$9. What's the consumer's income? What is P 2?(Hint: The Q 2 intercept is how many Q2 the consumer can afford when they spend all the money on Q2. The same for the Q1 intercept.)
b. P1 decreased twice, what are the two new prices?
c. Use the information above to put three points on the demand curve for Q1. Connect the three points to get a demand curve.
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