Answered: The original income was R5000 and the…

The original income was R5000 and the quantity demanded wasR3000 there was an increase in income from R5000 to R7000 and an increase in the quantity demanded from R300 to R500.Draw the demand graph.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 2SQP

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The original income was R5000 and the quantity demanded wasR3000 there was an increase in income from R5000 to R7000 and an increase in the quantity demanded from R300 to R500.Draw the demand graph.

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