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Ecoms wk4

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13 views1 page

Ecoms wk4

Uploaded by

kamirex22
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

WEEK FOUR

DEMAND AND SUPPLY

CONTENT

1. Change in Quantity Demanded


2. Change in Demand
3. Change in Quantity Supplied
4. Change in Supply
5. Effects of change in demand and supply on equilibrium price and quant

6.

CHANGE IN QUANTITY DEMANDED

A change in quantity demanded, is otherwise known as movement along a


particular demand curve that is only influenced by price. When there is a change
in the quantity demanded, the demand curve does not shift. This is because the
price of the commodity is the only cause of a change in the quantity demanded
while other factors remain unchanged.

Y Price

10

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