Complements and substitutes of a given good affect the, Econometrics

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Complements and substitutes of a given good affect the

1. There are four key assumptions underlying the supply and demand model. Name these assumptions.

2. Complements and substitutes of a given good affect the demand for that good. Define complements and substitutes.

3. What simplifying assumption do we make to build a demand curve? Why is the demand curve downward-sloping?

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Econometrics: Complements and substitutes of a given good affect the

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Econometrics: Complements and substitutes of a given good affect the

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