Question.5175 - 1. What happens to "quantity-demanded" when price goes down? 2. What happens to "quantity-demanded" when price goes up? 3. What happens to the Demand curve for regular milk when the price of almond milk increases? 4. What happens to "quantity-supplied" when the price of milk goes up? 5. What happens to "quantity-supplied" when price goes of milk goes down? 6. What are the 5 shifters of the Supply curve?
Answer Below:
What happens to "quantity-demanded" when price goes down?The quantity demanded increases. According to the law of demand, when the price of good decre...
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