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According to the law of demand, there is a negative causal relationship between the price of a good and its quantity demanded over a particular time period, ceteris paribus: as the price of the good increases, quantity demanded falls; as the price falls, quantity demanded increases, ceteris paribus.
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pdfs

  • owner: Martinus - (no access) - ECONOMICS.pdf, p22
  • owner: Manuel - (no access) - Economics - Ellie Tragakes - Second Edition - Cambridge 2012.pdf, p22


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