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a curve on a graph shows the relationship between apartment rent in a town and the quantitiy of apartments that people want at each rent. A new industry enters the town and the population of the town increases.
When the poplulation increases.
.A: there is a movement downward along the curve.
B: the price of an apartment falls.
C: we can no longer isolate the variable of interest.
D: the curve shifts.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9509053

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