If consumer tastes or preferences for a product increase, the demand for the product will tend to decrease.
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Q3: The higher a price floor is above
Q5: If the supply of a product decreases
Q6: A decrease in the prices of resources
Q8: An increase in supply and demand will
Q9: If two goods are substitutes in consumption,
Q10: If two goods are complements (in consumption),
Q11: The development of a new production technique
Q12: A price floor in a competitive market
Q210: Surpluses drive market prices up; shortages drive
Q220: If demand increases and supply simultaneously decreases,
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