Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 3 - Demand, Supply, and Market Equilibrium - Problems - Page 67: 1d

Answer

If Tex withdrew from the market, the market demand curve curve would shift leftward If Dex doubled his purchases, the market demand curve would shift rightward

Work Step by Step

If Tex withdrew from the market, market demand would decrease, and hence at each price the quantity demanded would decrease, and the demand curve would shift leftward If Dex doubled his purchases, market demand would increase, and hence at each price the quantity demanded would increase, and the demand curve would shift rightward
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