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An increase in the price of a good would a. increase the amount purchased by buyers. b. decrease both the quantity demanded of the good and the quantity supplied of the good. c.…

An increase in the price of a good would a. increase the amount purchased by buyers. b. decrease both the quantity demanded of the good and the quantity supplied of the good. c.…
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An increase in the price of a good would a. increase the amount purchased by buyers. b. decrease both the quantity demanded of the good and the quantity supplied of the good. c. give producers an incentive to produce more. d. increase the supply of the good.

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User Qevo
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1 Answer

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decrease both the quantity demanded of the good and the quantity supplied of the good.

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User Deedra
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