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Give an example of quantity demand

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Give an example of quantity demand

Posted by Tanya Dehraj 1 year, 8 months ago

CBSE > Class 11 > Economics

1 answers

Preeti Dabral 1 year, 8 months ago

Say, for example, at the price of $5 per hot dog, consumers buy two hot dogs per day; the quantity demanded is two. If vendors decide to increase the price of a hot dog to $6, then consumers only purchase one hot dog per day.

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CBSE > Class 11 > Economics