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Ashurbanipal Ashurbanipal
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A year ago
The table below provides data on opium sales and farmgate prices of opium in Afghanistan from 1994 to 2008.




Refer to the table above. From 2007 to 2008, opium sales fell by roughly 6.1 percent and opium prices fell by 18.6 percent. If you are told that the supply curve of opium remained constant from 2007 to 2008, what was the likely change in opium demand?

▸ Decrease in demand

▸ Increase in only quantity demanded

▸ Increase in demand

▸ Decrease in only quantity demanded
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Macroeconomics

Macroeconomics


Edition: 3rd
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Redhawt75Redhawt75
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A year ago
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Ashurbanipal Author
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A year ago
Thanks
jasonbourne
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Yesterday
This helped my grade so much Perfect
carston
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2 hours ago
Brilliant ツ
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