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Introduction to Economics 1
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Theory of Consumer Choice soru cevapları
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi The Theory of Consumer Choice soru detayı:
SORU:
Briefly mention about the conventional demand curve.
CEVAP:
Conventional demand curve is that the lower the price, the higher the quantity demanded. This relationship follows the law of demand. It states that the quantity demanded will drop as the price rises, ceteris paribus, or “all other things being equal.”