Question

When price increases, the _____________ by consumers decreases if all other influences remain the same.

Answer 1

When price increases, the quantity demanded by consumers decreases if all other influences remain the same.

A price is the quantity of charge or repayment given by using one birthday celebration to every other in go back for goods or offerings. In a few situations, the rate of production has a different call. If the product is "excellent" in the industrial exchange, the payment for this product will likely be known as its "price"

Charge approaches the value or the quantity at which something is valued. An instance of a fee is $1 for three cookies.

The price is the amount that consumers might be willing to pay for a product. Entrepreneurs need to hyperlink the charge to the product's actual and perceived cost, even as additionally considering supply fees, seasonal reductions, competitors' fees, and retail markup.

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