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Alina [70]
3 years ago
15

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product d

emanded because buyers:
Business
1 answer:
umka21 [38]3 years ago
3 0
The correct answer is <span>purchase more of the now relatively less expensive good.
When a product is discounted, obviously more people will be willing to buy it then when the price was higher. If more people want to buy a product, then the demand for that product rises, and then the production of those goods is also higher.
</span>
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sequential

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