A decrease in the demand for cameras keeping other things the same results in ________.
A
Increase the number of cameras bought
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B
Decrease the price but increase the number of cameras bought
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C
Increase the price of cameras
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D
Decrease the price and also the number of cameras bought
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Solution
The correct option is D Decrease the price and also the number of cameras bought A decrease in demand will decrease the price and quantity. This is due to change in fashion of the consumer, change in fashion leads to falls in demand and price both.