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12 June, 01:07

In the classic downward-sloping demand curve, as price increases, the demand for the product or service

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  1. 12 June, 04:04
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    The demand for a product or service would likely decrease as price increases as far as the classic downward-sloping demand curve is concerned. In addition, this specific type of demand curve characterises increase of consumer demand as the price significantly falls.
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