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Naddik [55]
3 years ago
8

Whenever the economy is in recession we can expect:?

Social Studies
1 answer:
timama [110]3 years ago
4 0
People saving money, prices going up, unemployment rates rising, inflation
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(C). the quantity demanded of a product is inversely related to its price.

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According to the law of demand, <u>when the price of a product is high, the quantity of that product that will be demanded will be low</u>, because customers won't want to pay so much to get the product.

Similarly, <u>when the price of the product drops, the the demand for it will increase.</u>

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Extended, with at most two conclusions.

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