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Write the equation for the law of demand considering two goods, therapy session and yoga classes.If the price of therapy visits increases, what happens to
Write the equation for the law of demand considering two goods, therapy session and yoga classes.If the price of therapy visits increases, what happens to the equation above?
How will the consumer's behavior change as a result of the price increase? Why? Include the role of utility in your answer.
Explain the impact on the demand for both goods, considering the price change in therapy visits and purchasing power effects.
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