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Qaagi - Book of Why

Causes

Effects

My University NOWDiscoversthe Law of Demand

a change in A.(passive) is caused byThe law of demand

scarcityinfluencesthe law of demand

Some factorsinfluencethe law of demand

the law of diminishing marginal utilitycausesthe law of demand

income effect and substitution effect(passive) is caused byLaw of demand

If either TDS detector 212 or low water detector 264 is de - activated , then demand pump logic 266 receives a status signalto preventoperation of demand

the big middle class(passive) has been created byThe law of demand

in gold(passive) is setthe law of demand

from : Substitution effect When the relative price ( opportunity cost ) of a good or service rises , people seek substitutes for itresultsfrom : Substitution effect When the relative price ( opportunity cost ) of a good or service rises , people seek substitutes for it

the quantity demanded to riseis causingthe quantity demanded to rise

a higher price for a good or serviceleadsa higher price for a good or service

in and people reactsetsin and people react

your demand schedule ( e.g. IRM p. 5Createyour demand schedule ( e.g. IRM p. 5

to a downward- of pizzas Price Quantityleadsto a downward- of pizzas Price Quantity

the general framework of these debatessetsthe general framework of these debates

demand curves to becausesdemand curves to be

in upward sloping demand curveresultsin upward sloping demand curve

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Smart Reasoning:

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