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4 May, 13:30

If a product goes up in price, and the demand for it drops, that's products demand is?

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  1. 4 May, 16:33
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    The correct answer to this question is that: If a product goes up in price, and the demand for it drops, that's products demand is low and the supply is high.

    These are the factors why the demand is low which includes: Decreased income; Decrease in price of substitution goods; Increase in price of complementary goods; and Changing consumer tastes.
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