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Ekhlass Abdalla
on Oct 12, 2024

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As price rises,quantity demanded gets _______ and quantity supplied gets _______.

A) larger;larger
B) smaller;smaller
C) larger;smaller
D) smaller;larger

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price point, at a specific time.

Quantity Supplied

Represents the amount of goods or services that producers are willing and able to sell at a given price.

  • Comprehend the distinction between a change in quantity supplied and an alteration in supply.
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Victoria Rois-MendezOct 19, 2024
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