Chapter 4

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Department
Economics for Management Studies
Course
MGEB02H3
Professor
A.Mazaheri
Semester
Summer

Description
Chapter 4Individual and Market Demand 111028 921 PM 41INDIVIDUAL DEMANDThe Individual Demand Curve Price Consumption Curvecurve tracing the utilitymaximizing combinations of two good as the price of one changes As the price of food falls attainable utility increases and the consumer buys more foodo What happens to clothing It can either decrease or increase because the decreaseincrease in the price of food has
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