samarie3jojudyruga samarie3jojudyruga

12-04-2016
Business

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What happens to the individual demand curve as the price of an item increases?

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andriansp andriansp

15-04-2016

the individual demand for an item will decrease, causing a downward slope

Since the price of an item increases, there will be less and less people who can afford and prefer to buy it, therefore, the consumers' demand for that item will decrease

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