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A decrease in the price of eggs will: Group of answer choices increase the quantity supplied of eggs. increase the demand for eggs. decrease the supply of eggs. increase the quantity demanded for eggs.

User Varvara
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1 Answer

3 votes

Answer:

increase the quantity demanded for eggs.

Step-by-step explanation:

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied. there is a positive relationship between price and quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded

So, a decrease in the price of eggs will decrease the quantity supplied and increase the quantity of eggs demanded.

User Kim Sullivan
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