The one saying that everything remaining constant, price and quantity demanded move in opposite directions? Can you think of any good/any type of good for which this isn't true? Are there any goods for which the quantity demanded increases when the price increases, or for which the quantity demanded decreases when the price decreases?
The one saying that everything remaining constant, price and quantity demanded move in opposite directions? Can you think of any good/any type of good for which this isn't true? Are there any goods for which the quantity demanded increases when the price increases, or for which the quantity demanded decreases when the price decreases?
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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The one saying that everything remaining constant,
Can you think of any good/any type of good for which this isn't true? Are there any goods for which the quantity demanded increases when the price increases, or for which the quantity demanded decreases when the price decreases?
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