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Business Economics

Quick practice

Question 1 of 5

Match the following stages:

 

                     List 1                                            List 2

A. Increase in demand                  1. Exception to the law of demand

B. Giffen goods               2. Shift in the demand curve

C. Contraction of demand      3. Movement along the demand curve

                                                                                    

Codes:

A B C

A

1 3 2

B

2 3 1

C

2 1 3

D

1 2 3

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