If a price maker raises its price by a small amount, the quantity that its customers will buy will

Question

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When a price maker raises its price by a small amount, the quantity that its customers will buy will decrease but not to zero. This is because the demand curve for the product is downward sloping, indicating that as the price of the product increases, the quantity demanded decreases. However, the decrease in quantity demanded will not be to zero because there will still be some customers who are willing to pay the higher price for the product.

If a Price Maker Raises Its Price by a Small