If more people try to buy a product because the price has been reduced which most accuretly describes what has been increased?

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Bennett Wu

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19 January, 19:04

If more people try to buy a product because the price has been reduced which most accuretly describes what has been increased?

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Dominique Kent · Answer 1

If more people try to buy a product because the price has been reduced which most accurately describes what is known as an "increase in demand." This increase in demand caused by a reduction in price can be driven by a number of things grouped into a category known as an "increase in supply."