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Question

If the price of a good decreases while the quantity of the good exchanged on markets decreases, then the most likely explanation is that there has been


A

an increase in demand.

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B

a decrease in demand

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C

an increase in supply

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D

a decrease in supply

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Solution

The correct option is B

a decrease in demand


If the price of a good decreases while the quantity of the good exchanged on markets decreases, then the most likely explanation is that there has been a decrease in demand.


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