Graphing simply supply and demand upon a linear, one-dimensional graph represent that the slope remains constant at
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Question:
The linear demand curve shows that at each point of the demand curve, when the price of a commodity rise by 1 unit, the quantity demanded will go up by the same units. This might not be true when we talk about different economies at the global level.
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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