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2 July, 07:26

If the demand for a product declines, what happens to the price of the product?

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  1. 2 July, 10:45
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    If the demand for a product declines, the price of the product "decreases".

    Demand alludes to how much (amount) of an item or administration is wanted by purchasers. The amount requested is the measure of an item people will purchase at a specific value; the connection amongst price and quantity requested is known as the request relationship. Supply speaks to how much the market can offer.
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