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18 May, 15:19

As the price level increases, the amount of goods and services that consumers, businesses, and governments desire to purchase will change. How will this be illustrated?

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  1. 18 May, 15:48
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    An example could also be in the car manufacturing sector, that as the pricprode of gas increases, then a response to this is to produce cars that have better gas mileage or electric cars.
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