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which statement best describes the current price for the good shown in this graph of supply and demand schedules?

Which Statement Best Describes The Current Price For The Good Shown In This Graph Of Supply And Demand Schedules class=

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Answer:

A. The current price should be lowered to increase the demand for the good

Explanation:

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The statement that best describes the current price for the good shown in this graph is that the current price should be lowered to increase the demand for the good.

The Demand law states that the higher the price, the lower the quantity demanded and Vice versa.

Hence, the statement that best describes the current price for the good shown in this graph is that the current price should be lowered to increase the demand for the good.

Therefore, the Option A is correct

Read more about Demand law

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