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Demand

  • J. Harvey
Chapter
Part of the Macmillan Master Series book series (MACMMA)

Abstract

Our assumption in chapter 3 that more of a good will be demanded the lower its price was based solely on our everyday observations. However, by examining a little more closely how the individual consumer ‘economises’, we can explain why this is normally so. We shall use the marginalutility theory.

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Copyright information

© J. Harvey 1981

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  • J. Harvey

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