Question: Critically evaluate: In comparing the two equilibrium positions in Figure 3.7b, I note that a smaller amount is actually demanded at a lower price. D

Critically evaluate: “In comparing the two equilibrium positions in Figure 3.7b, I note that a smaller amount is actually demanded at a lower price. 

Critically evaluate:


This refutes the law of demand.” 

D decrease: Pl, Ql D3 0 0 Decrease in demand

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