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The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.

The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.
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The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.

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User Mathias Dolidon
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1 Answer

7 votes
The case is an example of price elasticity of demand since a small change in price created a greater demand for the product.
answered
User Andrey Maslov
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8.9k points
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