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An "increase in demand" means that

moreme

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11 months ago

An "increase in demand" means that

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the demand curve has shifted to the left.

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price has declined and consumers want to purchase more of the good.

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the demand curve has shifted to the right.

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the price of the good can be expected to decline, assuming supply stays constant.

Textbook

Economics

Edition: 12^th

Author: Arnold

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nikki24303

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11 months ago

More solutions for this book are available here

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moreme Author

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Thanks

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linlinlin

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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