What will occur if the price of a haircut (a normal good) increases, other things constant?

Name: What will occur if the price of a haircut (a normal good) increases, other things constant?
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Question

Quizplus · Accepted Answer

When the price of a normal good like a haircut increases, the quantity demanded typically decreases, assuming other factors remain constant. This is due to the law of demand, which states that there is an inverse relationship between price and quantity demanded.

What Will Occur If the Price of a Haircut (A