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Replace Initials Field into the Demand Note

Replace Initials Field into the Demand Note

Aug 6th, 2022

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How to Replace Initials Field into the Demand Note

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in this video I want to show you how to graph a change in demand but first its good to understand why demand can change and so I just want to give you a few examples so demand could change of peoples income increases or decreases if theres a change in peoples tastes and preferences or if theres a change in the price of a substitute or a compliment for the good so for example lets say that the price of natural gas is decreasing if the price of natural gas is going down then thats gonna affect demand for coal and the reason is is that coal and natural gas can both be used to heat peoples homes and so theyre substitutes for one another so if the price of natural gas is going down natural gas is becoming cheaper and so then people will demand less coal and so what does it mean to say that theres an increase in demand well basically if theres an increase in demand the demand curve is going to shift to the right and if theres a decrease in demand its gonna shift to the left so l

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