Justifications for downward sloping demand curve The demand curve shows that price and quantity are

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Justifications for downward sloping demand curve

The demand curve shows that price and quantity are inversely
related Briefly explain two justifications for this relationship (the income
and substitution effects) The supply curve shows a positive relationship
between price and quantity supplied What role does the loss of increasing
opportunity cost play in this relationship? What role does profit play in this
relationship?

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