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Question regarding practice questions of microeconomics

Forums › ACCA Forums › ACCA BT Business and Technology Forums › Question regarding practice questions of microeconomics

  • This topic has 3 replies, 2 voices, and was last updated 2 weeks ago by mrjonbain.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 8, 2023 at 3:18 pm #691735
    Ebrahim21
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Question no. 2
    Does a rightward shift in demand curve means simply an increase in demand? If so , then how is it incorrect that decrease in selling price doesn’t cause a rightward shift in the demand curve?

    September 9, 2023 at 1:36 am #691780
    mrjonbain
    Moderator
    • Topics: 3
    • Replies: 1851
    • ☆☆☆☆☆

    Welcome to the Opentuition
    forums. A rightward shift in demand curve means higher demand at any given price. A decrease in selling price would mean a movement along a demand curve. A lower price results in increased demand for a standard demand curve.

    September 9, 2023 at 1:36 pm #691818
    Ebrahim21
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Thank you!

    September 10, 2023 at 1:28 pm #691857
    mrjonbain
    Moderator
    • Topics: 3
    • Replies: 1851
    • ☆☆☆☆☆

    You are welcome.

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