Q. A raise in the price of a product causes
A) an increase in demand
B) an increase in competition
C) a decrease in supply
D) a decrease in competition
✔ Correct Answer: an increase in competition
Exam Insight
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A) an increase in demand
B) an increase in competition
C) a decrease in supply
D) a decrease in competition
✔ Correct Answer: an increase in competition
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