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-Refer to Figure 15-3.Which of the following most likely caused the shifts from AE₁ to AE₂,and from AD₁ to AD₂?
Price Elasticity
The measure of demand fluctuation as a response to changing prices of a good.
Agricultural Products
Products stemming from the practice of agriculture, such as crops and animal products, which can be used for food, fuel, and raw materials.
Spending
The act of using money to purchase goods or services, contributing to economic activity.
Food Purchases
Transactions involved in acquiring food products for consumption, influenced by prices, income, preferences, and availability.
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