Mayamayon
Answered

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If the price of a product is increase. What is the effect of change in price on the quantity demand & supply curve to illustrate the effect on the demand?

Sagot :

emanzaffar10

Answer:

Increased prices typically result in lower demand, and demand increases generally lead to increased supply. However, the supply of different products responds to demand differently, with some products' demand being less sensitive to prices than others.

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