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31 December, 13:12

How would you expect an increase in the price of a good to

affect its demand curve?

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Answers (1)
  1. 31 December, 13:32
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    Answer: It will cause the demand curve to move inwards to the left

    Explanation:

    An increase in the price of a good will cause a decrease in the quantity demanded. This is in line with the law of demand that states that the higher the price the lower the quantity of goods that will be demanded.
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