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suppose that the demand and supply functions for a good x are given as follows:What happens to the demand for x as price of x
suppose that the demand and supply functions for a good x are given as follows:What happens to the demand for x as price of x falls? Demand for x falls since law of demand holds Demand for x stays the same but quantity demanded falls Demand for x stays the same but quantity demanded rises. Demand for x rises since law of demand holds
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
