Cereris paribus Study guides, Class notes & Summaries

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NDSU ECON 201 Exam 2 With Correct Answers
  • NDSU ECON 201 Exam 2 With Correct Answers

  • Exam (elaborations) • 9 pages • 2024
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MICROECONOMICS exam 1-Questions and Answers Graded A+
  • MICROECONOMICS exam 1-Questions and Answers Graded A+

  • Exam (elaborations) • 238 pages • 2024
  • MICROECONOMICS exam 1-Questions and Answers Graded A+ in order to have DEMAND consumers need to have the.. - ANSWER-ABILITY to buy WILLINGNESS to buy law of demand - ANSWER-Cereris Paribus (other things remain the same), as price goes DOWN, MORE quantities are demanded 6 Determinants of DEMAND SHIFTS ARE CAUSED BY... (know 4 & explain) - ANSWER-1. NUMBER of buyers (population changes) 2. INCOME of buyers -normal goods v. inferior goods -as income increases the demand for normal...
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