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Which of the Following Statements Is Correct? (Assume Demand Is

Question 73

Multiple Choice

Which of the following statements is correct? (Assume demand is interacting with an upward sloping supply curve that does not shift.)


A) If demand increases, then price will decrease.
B) If demand decreases, then price will decrease.
C) If price increases, then demand will decrease.
D) If price decreases, then demand will decrease.

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