Demand, Supply, and Market Equilibrium copy,
Chapter 4 • Demand, Supply, and Market Equilibrium 97 other things being equal, when the price (P) of a good or service falls, the quantity demanded increases. Conversely, if the price (P) of a good or service rises, the quantity demanded decreases.PQ↑⇒ DD ↓↓and PQ⇒↑ 4.2b Individual Demand ................
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