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    Economics
  4. Exam
    Exam 3: The Market Forces of Supply and Demand
  5. Question
    Explain the Difference Between These Two Statements
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Explain the Difference Between These Two Statements

Question 2

Question 2

Essay

Explain the difference between these two statements.
a. A rise in price leads to a decrease in quantity demanded.
b. A rise in price is caused by an increase in demand.

Correct Answer:

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