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An "increase in the quantity demanded" means that

villain

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10 months ago

An "increase in the quantity demanded" means that

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the demand curve has shifted to the right.

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the supply curve has shifted to the left.

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

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given supply, the price of the good can be expected to rise.

Textbook

Economics

Edition: 12^th

Author: Arnold

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