How is the fallacy of composition related to the difference between micro demand and supply curves and

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How is the "fallacy of composition" related to the difference between micro demand and supply curves and macro aggregate demand and supply curves?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 05:04 AM

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How is the fallacy of composition related to the difference between micro demand and supply curves and

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Micro demand curves are downward sloping for two reasons the income effect and the substitut...View the full answer

Macroeconomics

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