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30 August, 22:26

If prices go up, demand goes up.

Question 19 options:

True

False

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Answers (1)
  1. 30 August, 22:33
    0
    False

    Explanation:

    The price of a product and the demand have an inverse relationship which means that if the price decreases, the quantity demanded will increase. So, according to this, when the price of a product go up, people are less willing to buy it which results in a decrease in the demand. Because of this, the statement that says if prices go up, demand goes up is false.
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