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a. If the company decides to earn more profits and hence decide to increase the price of their product. Use a numerical table of
a. If the company decides to earn more profits and hence decide to increase the price of their product. Use a numerical table of price and demand to explain. b. What effect this increase in prices will have on consumers demand? Is it called a change in quantity demand or change in demand? Why? c. Draw and show this effect with the help of a demand curve. LAW OF DEMAND
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
