Explain whether each of the following statements describes a change in demand or a change in quantity demanded. Illustrate the appropriate change and specify whether each change represents an increase or a decrease. a. Payless Shoe Source sees a 35 per cent increase in sales of its athletic shoes during a 1 week, half-price sale.  b. Aisha receives a demotion which results in a cut in her salary and she is no longer able purchase her usual fruit for the week.  c

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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Explain whether each of the following statements describes a change in demand or a change in quantity demanded. Illustrate the appropriate change and specify whether each change represents an increase or a decrease.

a. Payless Shoe Source sees a 35 per cent increase in sales of its athletic shoes during a 1 week, half-price sale. 
b. Aisha receives a demotion which results in a cut in her salary and she is no longer able purchase her usual fruit for the week. 
c. 

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