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True/False. Consumers will be willing to pay any price a producer puts on a product; the demand will never cease.
in Grade 9 EMS by Diamond (49,543 points) | 5 views

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False.

The law of demand states consumers tend to buy more of a good or service when its price goes down, and less of a good or service when its price goes down. In other words, demand varies inversely with price.
by Silver Status (28,731 points)

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