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13 May, 14:01

How can an increase in prices affect consumption?

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Answers (2)
  1. 13 May, 15:37
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    When a price changes and consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price.
  2. 13 May, 16:25
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    In increase in prices makes less people want to buy
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