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  1. An increase in purchasing power as market price decreases.
  2. Diminishing marginal utility.
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Q: What characteristics lead to a downward-sloping demand curve?
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Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve?

A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.


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