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If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?
a. Demand decreased.
b. Supply increased.
c. Supply decreased.
d. Demand increased.
The circular flow of income in a closed economy A closed economy exists when there is no international trade. We shall also assume that in this particular closed economy there
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Use the information below to calculate the numbers instead of "?" marks in the Table. Show and explain all your calculations?
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