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(Solved): 7. Demand Shifts Consider the demand curve summarized by the following: Price Quantity (in dollars ...



7. Demand Shifts Consider the demand curve summarized by the following: Price Quantity (in dollars per unit) 12 1 11 2 10 3 9 4 8 5 Assume that there is a decrease in consumer income, which will shift the quantity at every price by 1 units in the direction appropriate for the shock. Complete the following tables with values appropriate to the shock described above.



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