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ECS1501-25-Y
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Which of the following would NOT affect an individual's demand curve?
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A higher price for batteries would result in a
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Today's demand curve for petrol could shift in response to
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An increase in demand is represented by
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If Sandile experiences a decrease in his income, we would expect that, as a result, Sandile’s demand for
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The law of demand states that, other things equal, an increase in
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Which of the following is not a determinant of demand?
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Demand is simply another term for wants — in other words if a consumer demands a good it simply means that he or she wants the good.
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The quantity demanded of a product can differ from the quantity actually bought or sold.
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If households decide to save more and reduce their spending on goods and services, what will be the immediate impact on the circular flow of income?
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