As price rises,quantity demanded gets _______ and quantity supplied gets _______.

Name: As price rises,quantity demanded gets _______ and quantity supplied gets _______.
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Question

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When the price rises, consumers demand less of the product, so quantity demanded decreases. On the other hand, producers are more willing to supply more of the product as they can make a larger profit, so quantity supplied increases. Therefore, as price rises, quantity demanded gets smaller and quantity supplied gets larger.

As Price Rises,quantity Demanded Gets _______ and Quantity Supplied Gets