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A raise in the price of a product causes _____.

a decrease in competition


an increase in competition


a decrease in supply


an increase in demand

1 Answer

1 vote

i Believe the answer is: an increase in competition

The price of a product increase, the margin of profit that the sellers could get by selling the product would also be increased. Because of this, many of the sellers would be interested in marketing that type of product, resulting in an increase in number of competition.

User Kalten
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