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When an Economist Says That the Demand for a Product

Question 51

Multiple Choice

When an economist says that the demand for a product has increased, this means that


A) consumers are now willing to purchase more of this product at each possible price.
B) the product has become particularly scarce for some reason.
C) product price has fallen and, as a consequence, consumers are buying a larger quantity of the product.
D) the demand curve has shifted to the left.

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