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Supply and Demand mistake

Supply and Demand - slide 17 - on PowerPoint there is plenty of animation that is not shown here.

This cartoon appeared in the Dallas Morning News with a common mistake. The price of lemonade went up from .5 to .15 and Oliver says there was a “decrease in demand.” Because there was a price change, he should have said there was a “decrease in QD.”

Click Here to go to Slide 18

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