(3) Demand: Which Way Does It Matter?
Demand Function, Demand Curve, Sign Expectations, Direction of Relation
This discusses the direction of the relationship between quantity demanded and its primary driving influences. Another way of saying this is that the sign expectations for each driver of demand are examined.
Crane, Steven E., "(3) Demand: Which Way Does It Matter?" (2010). Principles of Microeconomics. Paper 5.
Ability to explain how an increase/decrease in a demand driver causes demand to either increase or decrease. Ability to explain the logic behind these linkages.
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