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#6-revisiting-demand-function #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #study-session-4
The price of bread is falling as we observe ever less steep budget constraints with horizontal intercepts moving rightward. Confronted with each respective budget constraint, the consumer finds the tangent point as indicated. This point corresponds to the respective quantities of bread, Q1, Q2, Q3, and Q4.
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