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Each response to each of the questions should be 1-3 paragraphs, proper use of economic terms/content, APA formatted in-text citation/reference. Answer each question separately.
Questions:
1. When looking at prices, you will find that they are always changing in our economy. Why do you think this is important to evaluate for our economy?
2. When looking at the law of demand, you will find that this is an inverse relationship between price and quantity demanded. How do you relate the law of demand to a recent purchase that you have had to make?
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