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ECON 2210 (30)
M.Yu (30)
Lecture

Changes in demand.docx

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Department
Economics
Course
ECON 2210
Professor
M.Yu
Semester
Fall

Description
Changes in demand Change in demand refers to a shift in the demand curve - Demand curve shifts to the right is an increase in demand - Demand curve shifts to the left is a decrease in demand Three exogenous parameters implicitly held constant were income, the prices of other goods and tastes or preferences Change in demand result from changes in exogenous parameters Change in taste: - Having different tastes mean people have different marginal value and different rates at which those marginal values mi
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