The demand curve illustrates the fact that consumers - 11551

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  • From: , Microeconomics
  • Posted on: Sun 24 Jun, 2012
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The demand curve illustrates the fact that consumers

  •  tend to purchase more of a good as its price rises.
  •  purchase name brand products more frequently than generic products.
  •  tend to purchase more of a good as its prices falls.
  •  purchase more of a good as their incomes rise.

 

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The demand curve illustrates the fact that consumers