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# Suppose the market demand curve for a good is represented by the linear equation Q = 60 - 0.

Suppose the market demand curve for a good is represented by the linear equation Q = 60 - 0.75P. If the market price were to decrease from P = \$60 to P = \$40, then holding all other factors constant, how many units would quantity demanded change and how many dollars would total expenditures increase/decrease?

The quantity demanded would increase... View the full answer

To find quantity demanded, substitute the old and new prices in the demand equation. Expenditures is... View the full answer

Quantity demanded will increase... View the full answer

Quantity demanded will increase by... View the full answer

When the price changes from \$60 to \$40, the... View the full answer

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