judith28 judith28
  • 21-08-2020
  • Social Studies
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2) What happens to the quantity demanded' when the price of a good, service, or
product increases?

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lolitsbriii23
lolitsbriii23 lolitsbriii23
  • 21-08-2020

Answer:

The price of a good or service in a marketplace determines the quantity that consumers demand.

Explanation:

A higher price results in a lower quantity demanded and a lower price results in higher quantity demanded.

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