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The price of good B has a pattern such that P = $20 on Monday through Thursday of every week,and P = $25 on Fridays.If speculators begin participating in the market for good B,their actions will likely lead to a(n) ______________ in the price of good B on Monday through Thursday and a(n) _______________ in the price of good B on Friday.
Change In Income
The difference in an individual's or household's income over a specific period, indicating an increase or decrease.
Demand
The desire for a particular product or service combined with the ability and willingness to pay for it.
Complementary Goods
Complementary Goods are products or services that are often used together, where the demand for one increases the demand for the other, like smartphones and data plans.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded at those prices.
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