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Market Demand Curve and Price Elasticity

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In ref to my previous question

apples rises from $3 a pound to $3.45 and your consumption of apples drops from 30 apples a month to 21 apples

basically which would represent the X axis and which would represent the Y axis

or can a graph be created to chart

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Solution Summary

The expert examines market demand curve and price elasticity.

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