Consider the following events: a. The price of cell phones goes down by 25 percent during a

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Consider the following events:
a. The price of cell phones goes down by 25 percent during a sale.
b. You get a 25 percent raise at your job.
Which event represents a shift in the demand curve? Which represents a movement along the curve? What is the difference?
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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