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Question 7 Which, if any, of the following statements is (are) correct? 1. The average income or standard of living is a key determinant of
Question 7 Which, if any, of the following statements is (are) correct? 1. The average income or standard of living is a key determinant of demand. 2. Downward sloping demand indicates that if the price is decreased, demand will increase. 1 only. 2 only. Both 1 and 2 Neither 1 nor 2
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