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If the price of a product increases, we would expect A) the level of demand to decrease. B quantity supplied to increase. C) the level of supply to increase. D an increase in qu…

If the price of a product increases, we would expect A) the level of demand to decrease. B quantity supplied to increase. C) the level of supply to increase. D an increase in qu…
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1 vote
If the price of a product increases, we would expect

A) the level of demand to decrease.
B quantity supplied to increase.
C) the level of supply to increase.
D an increase in quantity demanded.

User Cgwebprojects
by
8.9k points

1 Answer

2 votes
A/ the level of demand would decrease. This is because as prices heighten, less people are likely to buy the product
User Shakeema
by
8.6k points
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