A decrease in demand for a product will cause the price of the product to fall and supply of the product to decrease.
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Q287: Related to the Economics in Practice on
Q288: Which of the following will definitely occur
Q289: Refer to Scenario 3.3 below to answer
Q290: Which of the following will definitely occur
Q291: Refer to Scenario 3.3 below to answer
Q293: Pineapples and kumquats are substitute goods. Exceptional
Q294: When the supply of chocolate decreases while
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Q297: A new fertilizer which greatly improves the
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