Wednesday, October 05, 2005

Okay, so I lied...

Remember when I said that unless specifically told otherwise, we are looking at parallel shifts of demand and supply curves rather than pivoting? Well, on question 4 of PS1, you are in fact being asked to pivot the demand curve. That should be obvious from the math, but I didn't want people to get confused since I said to not expect to have to do that.

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