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The response should be a minimum of two (2) double-spaced pages; refer to the Length and Formatting instructions for additional details. 1. What is the
The response should be a minimum of two (2) double-spaced pages; refer to the Length and Formatting instructions for additional details.
1. | What is the difference between a "change in demand" and a change in "quantity demanded." | |
2. | What is the difference between a "change in supply" and a change in "quantity supplied." | |
3. | Holding demand constant, what is the only thing that can cause a change in quantity demanded? What are the things that cause a change in demand? | |
4. | How do changes in income affect the demand for a good? | |
5. | How do substitute and complementary goods affect the demand for a good? |
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