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BEHIND THE DEMAND CURVE Price Elasticity of Demand

BEHIND THE DEMAND CURVE Price Elasticity of Demand. THE LAW OF DEMAND TELLS US:. When price increases, the QUANTITY demanded decreases, and when prices decrease, the QUANTITY demanded increases. Why does the Qd change?. Consider what happens when Oakland apartment rents increase:

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Milk ped elastic - PowerPoint PPT Presentation

BEHIND THE DEMAND CURVE Price Elasticity of Demand