How might the law of demand help to explain why in one recent year, the number of
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How might the law of demand help to explain why in one recent year, the number of prepared lunches sold by U.S. restaurants dropped by more than 400 million units from the previous year? How might you respond in the future to an even higher relative price of restaurant meals?
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The law of demand states that all other things being equal the quantity of a good demanded decreases as its price increases In other words people are ...View the full answer
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