Change in the demand for a product

  1. Give an example of something that would cause a change in the demand for a product and an example of something that would cause a change in the quantity demanded of that product. Be sure to state how each would be shown on a demand curve graph. 

1 paragraph

 

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  1. Explain in your own words what the terms “macroeconomics” and “microeconomics” mean. Give your own unique example of a macroeconomic question and a microeconomic question in order to help support your answer.

2 paragraphs

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