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25 April, 04:29

In the classic downward-sloping demand curve, as price increases, the demand for the product or service

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  1. 25 April, 06:33
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    The demand for a product or service would likely decrease as price increases as far as the classic downward-sloping demand curve is concerned. In addition, this specific type of demand curve characterises increase of consumer demand as the price significantly falls.
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