Fill in the blanks below using the following choices: increases OR decreases.
(a) When Canadian fans travel to Oracle Arena in California to watch the Toronto Raptors play the Golden State Warriors in the NBA Finals, we observe that the demand for airline tickets __________.
(b) As the Toronto Raptors reach the final rounds of the NBA Finals, the demand for Raptors merchandise __________.
(c) If the demand for hot dogs at basketball games increases, then the price of hot dogs sold at basketball games ___________.
Correct Answer:
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Q120: The law of demand is the tendency
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