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Demand is a powerful force in a free market. In 3 to 4 sentences, explain some of the factors that cause changes in demand and why it is important for consumers to understand these changes.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Demand is a powerful force in a free market. In 3 to 4 sentences, explain some of the factors that cause changes in demand and why it is important for consumers to understand these changes.

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