Unformatted text preview: growing additional units of good X to make good X. e) Consider just the demand curve for good x (ignore the supply curve). If the price of good x falls, holding all else constant (ceteris paribus), does the demand curve for x shift? If not, why not? If so, in what direction? Price of X Price of X Price of X Price of X Quantity of X Quantity of X Quantity of good x Downward sloping Demand Curve Quantity of good x Demand An upward sloping Supply Curve Supply...
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This note was uploaded on 03/11/2008 for the course EC 201 taught by Professor Brown during the Winter '07 term at Cal Poly Pomona.
- Winter '07