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21 June, 11:01

If all other factors are equal, what will happen to the demand if the price of a product goes down?

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  1. 21 June, 11:23
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    Demand refers to how much of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price. The relationship between quantity and price is called demand relationship. Based on the law of demand, if all other factors remain equal, the higher the price of a good, the lower the demand and the lower the price, the higher the demand. So, when the price of a product goes down the demand will increase.
  2. 21 June, 11:25
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    the amount that people buy if its increased the price raises same thing for the amount of people that buy decreased the price will drop
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