When economists say that the demand for a product has decreased, they mean that | eBooks | Education

When economists say that the demand for a product has decreased, they mean that

When economists say that the demand for a product has decreased, they mean that PLDZ-9548 Free
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When economists say that the demand for a product has decreased, they mean that

 

Multiple Choice

 

the product has become more expensive and thus consumers are buying less of it.

consumers are now willing and able to buy less of this product at each possible price.

 

the demand curve has shifted to the right.

the product has become particularly scarce for some reason.

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