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The law of demand states that as the price of

Choose the best answer.If supply of a product goes up, what happens to demand and price? demand goes down, price goes down
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Choose the best answer.If supply of a product goes down, what happens to demand and price? demand goes down, price goes up
1. 1 answer
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The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is
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2. asked by Anonymous
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The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is
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2. asked by Anonymous
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1.calculate the price elasticity of demand when the price was increased from R25 to R40 ? (10)2.is a price increase the correct
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2. asked by Setumbo
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What does unitary elastic demand mean?The elasticity of demand is different at each unit on the price range. The demand is
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Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly
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2. asked by Kiki
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What does the "Demand Curve" show?The responsiveness of consumer demand for software products. The fluctuation in demand for
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The consumer demand equation for tissues is given byq = (97 − p)2, where p is the price per case of tissues and q is the
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2. asked by Megan
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If a price-demand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this
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2. asked by Jess
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