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16-04-2019
Business

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What is the term economists use to refer to the relationship that a higher price leads to a lower quantity demanded?

law of demand
income gap
market equilibrium
price model

Respuesta :

16-04-2019

Answer: Law of demand

Sometimes, a price decreases due to quantity demanded while the fall in price with increase to the quantity demanded. A higher price leads to the quantity demanded of a better service. Therefore, law of demand if your answer.

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