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Define law of demand

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Reference no: EM133128932

(a) Define Law of Demand in your own words and (b) provide a rationale (reasons) for the shape of the demand curve. (c) How does marginal utility help to explain the direction of the demand curve? Define Law of Supply in your own words and (b) provide a rationale (reasons) for the shape of the supply curve.

Reference no: EM133128932

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