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11 Dec 2019
When quantity demanded decreases in response to a change in price:
(i) the demand curve shifts to the right.
(ii) the demand curve shifts to the left.
(iii) there is a movement down along the demand curve.
(iv) there is a movement up along the demand curve.
(v) the supply curve shifts to the right.
When quantity demanded decreases in response to a change in price:
(i) the demand curve shifts to the right.
(ii) the demand curve shifts to the left.
(iii) there is a movement down along the demand curve.
(iv) there is a movement up along the demand curve.
(v) the supply curve shifts to the right.
Read by 1 person
Jeffrey
JD Candidate at Stanford Law School5 May 2020
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