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  • 23-01-2017
  • Business
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What effect will a drop in price most likely have?

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Greenleafable
Greenleafable Greenleafable
  • 30-01-2017
The effect that a drop in price will most likely have is increase the quantity demanded of goods.
If something becomes cheaper than it used to be, people are going to buy more of it because it is cheap now. Thus, the demand for that particular good will rise.
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