Which of the following situations is the demand most likely to be reduced

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asked Dec 13, 2021 5.1k views

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Masoud · Answer 1 · 2021-12-20T02:15:10+0000

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

Which of the following situations is the demand most likely to be reduced

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Which of the following situations is the demand most likely to be reduced