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Wednesday, August 3, 2011

Exercis 3-3


Effects of changes in Demand

What causes Demand to change?
-Price, economy, inflation, quality
Give a personal example?
-A real life example would be Pringle's chips. Presently the price for a single can of Pringles is $1.50. If there was a rise in price of this single can of chips, the demand for a can of Pringles would decrease


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