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The following equation represents the determinants of demand: Qd = f (Px, Pg, Y, T, N, ..) What would occur if a market's Y increased
The following equation represents the determinants of demand: Qd = f (Px, Pg, Y, T, N, ..) What would occur if a market's Y increased (for a normal good)? The demand curve would shift to the left. There would be an upward movement along the demand curve The demand curve would shift to the right. There would be a downward movement along the demand curve
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