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Match the description with the movement along the demand curve or the appropriate shift of the curve. PromptsAnswersQuestion 8Prompt1An increase in the price of the good itself.Select match[input] Question 8Prompt2Increase in income levels for a normal good.Select match[input] Question 8Prompt3Decrease in the price of substitutes.Select match[input] Question 8Prompt4A decrease in the price of the good.Select match[input]
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The prompt asks us to match descriptions to movements along the demand curve or to shifts of the demand curve. We will evaluate each prompt in turn and justify the appropriate classification.
Prompt 1: An increase in the price of the good itself. This is a change in the price of the good that causes co......Login to view full explanationLog in for full answers
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