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At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 ...

freezo1994

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At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 ...

At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says that Marta's demand for books has decreased. Is Luz correct?

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Yes, Luz is correct.

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No, Luz is incorrect. Marta's demand has increased.

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No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.

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No, Luz is incorrect. Marta's quantity demanded has increased, but her demand has stayed the same.

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No, Luz is incorrect. Marta's quantity demanded has decreased and her demand has increased.

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Economics

Edition: 12^th

Author: Arnold

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rick32

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freezo1994 Author

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Helped a lot

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