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Which statement accurately describes the relationship between price and quantity demanded? When prices increase, quantity demanded decreases. When prices increase, quantity dema…

Which statement accurately describes the relationship between price and quantity demanded? When prices increase, quantity demanded decreases. When prices increase, quantity dema…
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Which statement accurately describes the relationship between price and quantity demanded? When prices increase, quantity demanded decreases. When prices increase, quantity demanded stays the same. When prices decrease, quantity demanded decreases. When prices decrease, quantity demanded stays the same.

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User Nate Allen
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1 Answer

4 votes

Answer:When prices rise, quantity demanded declines but price remains constant.

Step-by-step explanation:

answered
User Chad Schmidt
by
7.6k points
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