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2 September, 01:49

Explain what it means to say that "demand increases?

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  1. 2 September, 03:07
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    Answer: In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded decreases (↓); conversely, as the price of a good decreases (↓), quantity demanded (↑) ".
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