Question:

A decrease in the price of a good will result in?

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an increase in demand.

an increase in supply.

an increase in the quantity demanded.

more being supplied.

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2 ANSWERS


  1. an increase in demand over all this is due to the law of supply and demand which states that when price goes up demand goes down but supply goes up and if price goes down that demand goes up and supply goes down.


  2. an increase in the quantity demanded.

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