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mestny [16]
3 years ago
12

The Law of Demand states that more of a product will be purchased at lower prices than at higher prices.

Social Studies
1 answer:
ratelena [41]3 years ago
8 0
Yes, this is correct.

Crucially, this is only the case if everything else stays equal: so if the quality of the product stays the same and if the income of the buyers doesn't decrease.

Then with a lower prize, more items will be purchased - and less if the prize increases.
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