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15 January, 19:33

Explain why a reduction in the price of a normal good does not increase the demand for that good?

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  1. 15 January, 21:15
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    A normal good could be anything used on the daily, whether it be at home or work, etc. So, say the price for staples goes down, that doesn't mean there is a sudden surge for a surplus of staples. Whoever is buying them will spend less, but they don't need any more staples now compared to when the staples cost more, before the price was decreased.
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