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Economists criticising Trump’s tariff blitz need to brush up on basics of international trade
Supporting a position does not mean that we abandon nuances. Yet, this is what has happened to all ‘respectable’ economists ...
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What Is the Law of Demand in Economics, and How Does It Work?
The law of demand ... on the curve (A, B, C) reflects the quantity demanded (Q) at a given price (P). At point A, for example, the quantity demanded is low (Q1) and the price is high (P1).