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Author Question: When prices change and this makes customers financially better or worse off, thereby affecting the ... (Read 31 times)

Hungry!

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on: May 25, 2020

Question 1

The law of demand states that the quantity demanded will fall as price rises, all other things being equal.
◦ true
◦ false

Question 2

When prices change and this makes customers financially better or worse off, thereby affecting the quantity they demand, this is called the income effect of the price change.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Hungry! on May 25, 2020

wergv

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hungry!

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

rleezy04

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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