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Smart Reasoning:

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Qaagi - Book of Why

Causes

Effects

a large price changedoes ... causemuch change in the quantity demanded

a 1 % change in pricewill causea 2 % change in quantity demanded

by a change in real income(passive) is causedThe part of the change in quantity demanded

a price changewill causeless of a change in quantity demanded

5 % change in pricecausesa 3 % change in the quantity demanded

a small change in the price of a goodcausea greater change in the quantity demanded

2 A change in pricewill resultin a change in quantity demand

a small change in pricecausesa large change in quantity demanded

Rcausesa change in the quantity demanded of money

Second type ... a specific percentage change in pricewill ... leadto minor change in quantity demanded

the factorscausingthe change in quantity demand

a small change in price ( increase or decreasecausesa large change in quantity demanded

an increase in the price of a product that has an inelastic demandwill ... causea change in the quantity demand

Quick Reviewcausesa change in quantity demand

change in pricecausesa smaller change in quantity demanded

by a change in a consumers real income(passive) caused byportion of a change in quantity demanded

by a change in a consumers(passive) caused byportion of a change in quantity demanded

a change in pricecausesan identical change in the quantity demanded

by a change in the price of the good , which causes a movement along the demand curve(passive) is caused by A change in quantity demanded

a given change in pricecausesa proportional change in quantity demanded

a change in pricecausesa proportional change in quantity demanded

Change in the price of the commoditycauseschange in quantity supplied

A movement along the curve ... a change in pricewill causea change in the quantity demanded

Demand A change in pricecausesa change in quantity demanded

a change in the demand pricecausesa change in the quantity demanded

by a change in the price of a good(passive) is caused byA change in quantity demanded

by a change in the price of the good(passive) is caused byA change in quantity demanded

by a change in the price of the good itself(passive) is caused byA change in quantity demanded

a change in the price of a good(passive) is caused byA change in quantity demanded

a change in its own price of the good(passive) is caused byA change in quantity demanded

The percentage change in quantity ... the percentage change in pricecausedthe change in quantity demanded

the % change in quantity ... the % change in pricecausedthe change in quantity demanded

A change in a goods own priceleadsto a change in quantity demanded

b. A change in pricecausesa change in quantity demanded

pricecausesa proportional change in the quantity demanded

the percentage change in pricecausedthe change in quantity demanded

The price elasticity of demand ... the percent change in pricecausedthe change in quantity demanded

by a change in price(passive) is caused byA change in quantity demanded

a change in pricecausesa change in quantity demanded

Only a change in pricecan causea change in quantity demanded

from a change in priceresultsfrom a change in price

from a change in relative pricesresultingfrom a change in relative prices

from a change in technologyresultingfrom a change in technology

from a change in incomeresultingfrom a change in income

a change in demand Change in quantity demanded(passive) is caused bya change in demand Change in quantity demanded

a movement along the demand curvecausesa movement along the demand curve

from a given change in pricewill resultfrom a given change in price

to a movement along the curveleadsto a movement along the curve

from the effect of change in price on consumers purchasing powerresultsfrom the effect of change in price on consumers purchasing power

from a change in priceresultsfrom a change in price

from a change in priceresultsfrom a change in price

a shift of the whole demand curvewill causea shift of the whole demand curve

from a very small proportionate change in priceresultingfrom a very small proportionate change in price

Qwill ... resultQ

in change in market price Find out equilibrium price and output for the following market conditionresultedin change in market price Find out equilibrium price and output for the following market condition

a movement along the supply curvecausesa movement along the supply curve

from a 1 % change in priceresultsfrom a 1 % change in price

to change in number of buyers of economywill leadto change in number of buyers of economy

from 1 % change in incomeresultingfrom 1 % change in income

a shift of the demand curve either to the left or rightcausesa shift of the demand curve either to the left or right

in shift of curveresultsin shift of curve

to a shift in the demand curve to the right or the leftleadsto a shift in the demand curve to the right or the left

business cyclescausebusiness cycles

in changes in the value of local currencywill resultin changes in the value of local currency

from a very small proportionate change in priceresultingfrom a very small proportionate change in price

a Change in Demand for another productwould causea Change in Demand for another product

from a change in price of a goodresultingfrom a change in price of a good

from a percentage change in supply priceresultingfrom a percentage change in supply price

from a proportionate change in incomeresultingfrom a proportionate change in income

this price changecould causethis price change

from a change in priceresultsfrom a change in price

from a change in priceresultingfrom a change in price

A change in pricecausesA change in price

The following changes in quantitiesresultThe following changes in quantities

movement along a demand curvecausesmovement along a demand curve

to a movement along the demand curvewill leadto a movement along the demand curve

to a movement along the demandwill leadto a movement along the demand

any change in the scheduledoes ... causeany change in the schedule

to Quality Changesleadto Quality Changes

to quality changesleadto quality changes

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Smart Reasoning:

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