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#11 | ||||
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Little Chief Hare
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There are two components to demand, individual quantity and group quantity. IE, even though a lot of people value McDonald's, they value it at maybe $5 a meal, whereas a lot of people also value sports but they value it at the cost of $30-50 a ticket. Of course there are other demand curves to take account of, but this is just a simplification. Quote:
As a person who has learned things, although unfortunately not enough things, I would just like to make known how senseless a response this is. |
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