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Demand

  • Jack Harvey
Chapter
Part of the Macmillan Master Series book series

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 marginal-utility theory.

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Copyright information

© Jack Harvey 1994

Authors and Affiliations

  • Jack Harvey

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