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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

The price of a personal computer of a given quality is lower today than it was five years ago. Is this necessarily the result of a lower demand for computers? Explain your answer.

To determine

Explain whether the statement is acceptable or not.

Explanation

If the price of computer of a given quality is lower today than it was five years ago, it does not mean th...

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