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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 29
What is the direction of slope indicated by the following examples?
a. As the price of rice increases, consumers want less of it.
b. As the temperature increases, the amount of people who use the town pool also increases.
c. As farmers use more fertilizer, their output of tomatoes increases.
a. As the price of rice increases, consumers want less of it.
b. As the temperature increases, the amount of people who use the town pool also increases.
c. As farmers use more fertilizer, their output of tomatoes increases.
Explanation
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a.Price and demand:
When the price of g...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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