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tester [92]
3 years ago
5

When the price of butter was "low," consumers spent $5 billion annually on its consumption. When the price doubled consumer expe

nditures increased to $7 billion. Recently you read that this means that the demand curve for butter is upward sloping. Do you agree? Explain.

Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

I agree

Explanation:

The demand for butter is increasing as price increases. This means the higher the price, the higher the quantity demanded. This is against the law of demand.

I hope my answer helps you

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