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jonaschem16 jonaschem16
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2 weeks ago
Movement Along a Demand Curve

Which statement results in a change in quantity demanded?

▸ After several articles are released about the nutritional benefits of kale, kale sales increase by 15%.

▸ Chips-N-More experiences a significant decline in sales after it raises the price of their products.

▸ Toyota opens a new factory in Dallas and millions of workers relocate to the area.

▸ After the price of cycling shoes decreases, people buy more bicycles.
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Macroeconomics


Edition: 3rd
Authors:
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cheesoslimocheesoslimo
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2 weeks ago
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Chips-N-More experiences a significant decline in sales after it raises the price of their products.

Changes in price will change quantity demanded, while changes in income and wealth, prices of other goods and services (like substitutes and complements), tastes or preferences, expectations, or the number of buyers in the market shift the demand curve.
Therefore, Chips-N-More experiences a significant decline in sales after it raises the price of their products.
results in a change in quantity demanded.

All others cause a shift in the demand curve.
1

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jonaschem16 Author
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2 weeks ago
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Just got PERFECT on my quiz
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Thanks for your help!!
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