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Personal Finance and Economics
Unit 2: Understanding Microeconomics — Test
Question 8
8
Quiz
Multiple Choice
Unit 2: Understanding Microeconomics — Test
Question 8 • Personal Finance and Economics
How do changing prices affect supply and demand?
Answer
A
As price decreases, supply decreases, but demand increases.
B
As price increases, supply decreases, but demand increases.
C
As price increases, both supply and demand increase.
D
As price decreases, both supply and demand decrease.
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