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BBI - Unit 1 Business Fundamentals Flashcards | StudBud
BBI - Unit 1 Business Fundamentals
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According to the Law of Demand, consumers buy less of a product when the price goes up because:
A
They are cheap.
B
Fixed incomes limit purchases, buy cheaper substitutes.
C
When the price goes up, the supply of the product goes down.
D
They can’t afford as much of the product when it costs more.
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