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Unformatted text preview: o A table that shows the relationship between the price of a good and the quantity demanded. Market Demand versus Individual demand o The quantity demanded in the market is the sum of the quantities demanded by all buyers at each price. Demand Curve Shifters: o Increse in number of buyers. Increases demand at each price, shifts demand curve right. o Income: Demand for a normal good is positively related to income. Increases in income causes increase in quantity demanded at each price, shifts D curve to the right....
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This note was uploaded on 01/22/2012 for the course ECON 102 taught by Professor Yotsubo during the Fall '08 term at Rutgers.
- Fall '08