one product that you often buy. Will you stop buying it if increase it price?
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Answer:
we can buy such a product which is useful to use. so, as a example i'll buy the pair of shoes.
From a cause-effect perspective, increased prices typically result in reduced demand. In economics, the price-demand relationship is known as the law of supply and demand. ... When a business raises its prices, it usually believes the increased revenue per item will exceed the lost sales that result.
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Explanation:
Usually I buy a lot of products in my daily life but one of them that I often buy are candies.
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