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14 November, 18:29

What is a rule, a property, and an outcome in economics

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  1. 14 November, 22:11
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    rule: Offer and Demand. Property: One is inversely proportional to the other. Outcome: If demand is high, prices for a certain good will rise. This effect will result in the consequence of demand going down due to the fact that a group of individuals doesn't perceive value in purchasing the good at the risen price.
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