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    Economics Principles and Policy Study Set 1
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    Exam 4: Supply and Demand: an Initial Look
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    If Price Rises, What Happens to Demand for a Product
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If Price Rises, What Happens to Demand for a Product

Question 88

Question 88

Multiple Choice

If price rises, what happens to demand for a product?


A) It increases.
B) It decreases.
C) It does not change.
D) Uncertain-economic theory has no answer to this question.

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