The one saying that everything remaining constant, price and quantity demanded move in opposite directions? Can you think of any good/any type of good for which this isn't true? Are there any goods for which the quantity demanded increases when the price increases, or for which the quantity demanded decreases when the price decreases?
The one saying that everything remaining constant, price and quantity demanded move in opposite directions? Can you think of any good/any type of good for which this isn't true? Are there any goods for which the quantity demanded increases when the price increases, or for which the quantity demanded decreases when the price decreases?
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 1WNG
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The one saying that everything remaining constant,
Can you think of any good/any type of good for which this isn't true? Are there any goods for which the quantity demanded increases when the price increases, or for which the quantity demanded decreases when the price decreases?
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