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An increase in the price of a good decreases purchasing power, causing a decrease in the quantity of the good demanded. the decrease in quantity demanded is due to:_____.

User AGuyCalledGerald
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Answer:. Distinguish between quantity demanded and demand and explain what determines demand. Distinguish between quantity supplied and supply and explain what determines supply. Explain how demand and supply determine price and quantity in a market, and explain the effects of changes in demand and supply Quantity demanded The amount of a good, service, or resource that people are willing and able to buy during a specified period at a specified price. The quantity demanded is an amount per unit of time. For example, the amount per day or per month.

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