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Through these decisions, the laws of supply and demand determine prices and total image manipulation production. If consumer demand for a specific product increases, production tends to increase to satisfy the demand. The increased demand causes prices to rise until consumers balk and cut…

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The dilemma therefore arose of how to reconcile the long-run proportional consumption function with the finding from short-run and cross-section analyses that the APC exceeded the MPC. The outcome of this hypothesis is that the individuals’ APC depends on his relative position in income…