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19 March, 10:39

What typically happens when consumer demand for a product increases?

A.

The price of the product increases.

B.

People change their mind about buying the product.

C.

Producers decrease production of the product.

D.

The government regulates the price of the product.

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Answers (1)
  1. 19 March, 11:33
    0
    A.

    The price of the product increases.

    If more people want this product, the less there will be, so it becomes more valuable.
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