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12 September, 20:11

Josef is selling pumpkins at the fall festival. He initially charges $5 a pumpkin but not many people are buying. He decides to lower the price per pumpkin to $4. How will the demand for pumpkins change?

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  1. 12 September, 20:24
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    Per the Law of Supply and Demand, the deman will raise as the price decreases, and vice versa. if the price were to increase again, the demand would lower
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