lectur14-page66

lectur14-page66 - how much will this price increase affect...

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66 Proportion of the Consumers Budget a Good or Service Represents D Price Qd/u.t. Automobile $20,000 $40,000 Q 0 Q 1 If the average price of an AUTO doubles,
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Unformatted text preview: how much will this price increase affect the consumption of Automobiles? Why?...
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