Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.1 The Demand Curve - Page 92: 1.5

Answer

quantity demanded

Work Step by Step

All other factors held equal, the quantity demanded increases as the price falls and decreases as the price rises.
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