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Tidy Tidy
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8 years ago
Draw a demand curve and label it D1. On the graph, illustrate an increase in demand and a decrease in demand, and label the curves D2 and D3, respectively. Starting on demand curve D1, explain the shift that would result from each of the following events:

a. an increase in income and the good is a normal good
b. an increase in income and the good is an inferior good
c. a decrease in the price of a substitute good
d. a decrease in the price of a complementary good
e. an increase in the taste for the good
f. a decrease in population
g. an increase in the expected future price of the good
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SydnieSydnie
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8 years ago
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lrfannn,  Daicey Kirs

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#2
3 years ago
good
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