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S E8: The Law of Demand - How You Choose to Buy
Think Like An Economist
The Law of Demand Is All About Marginal Benefits
When the price of something goes down, you are likely to buy more of it. Your marginal benefits determine how many cups of coffee you'll buy at each price. And we could now see even more deeply, the demand is all about marginal benefits. It's an idea that applies to anything we buy. The lower the price of coffee, the more they'll collectively buy.
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