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quantity demanded N

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quantity demanded

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demand quantity N MKT COMPET

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demand quantity

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engleski

As the price changes, the quantity demanded changes.

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The analysis conforms with a proportionate change in money income and money prices of both goods leaving quantity demanded of both goods unchanged.

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At a price below equilibrium, there is a shortage of quantity supplied compared to quantity demanded.

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When quantity supplied is greater than quantity demanded, the equilibrium level does not obtain and instead the market is in disequilibrium.

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The quantity demanded varies negatively with the price: a higher price decreases the quantity demanded.

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A small increase in price leads to a large drop in the quantity demanded.

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The quantity supplied (measured in lane-miles) is less than the quantity demanded at what is essentially a price of zero.

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That is, as income increases, the quantity demanded increases.

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Price is measured on the vertical axis and quantity demanded on the horizontal axis.

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What determines quantity demanded of each good by that individual?

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