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Open Ended Question
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Open Ended Question
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Open Ended Question
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Provide an example of the substitution effect.
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Open Ended Question
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How does the income effect lead to the law of demand?
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Open Ended Question
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Open Ended Question
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Open Ended Question
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Provide one example of a good with inelastic demandand explain why demand for that good is inelastic. Provide one example of a good with elastic demand andexplain why demand for that good is elastic.
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Lesson: Law of Demand 32/32