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Sagot :
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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