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When the prices of a good increases, ______
  • a)
    Quantity demanded increases
  • b)
    Quantity demanded decreases
  • c)
    Quantity supplied increases
  • d)
    B and c both
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
When the prices of a good increases, ______a)Quantity demanded increas...
When the prices of a good increases, the quantity demanded decreases and the quantity supplied decreases.
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When the prices of a good increases, ______a)Quantity demanded increasesb)Quantity demanded decreasesc)Quantity supplied increasesd)B and c bothCorrect answer is option 'D'. Can you explain this answer?
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