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17 August, 07:05

Part B

What is the relationship between the price of apples and the demand for apples among Kevin's customers?

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Answers (1)
  1. 17 August, 08:07
    0
    As the price of apples goes up, the demand for apples goes down.

    Explanation:

    It is a know fact that demand increases when prices decrease, so kelvin should decrease his prices toward the end of the season to avoid having unsold produce. As the price of apples goes up, the demand for apples goes down.
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