A town recently experienced a population decrease. In three to four sentences, explain the effect of this population decrease on the demand for clothes and tell how this situation might affect the demand curve.
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A town recently experienced a population decrease. In three to four sentences, explain the effect of this population decrease on the demand for clothes and tell how this situation might affect the demand curve.
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As the population decreases, quantity demanded for clothes,food etc will also decrease. The demand curve will shift downwards in which the price will also decrease.
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