price increase

If Muffins And Bagels Are Substitutes, A Higher Price For Bagels Would Result In A(N)

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Muffins and bagels are both delicious bakeries that can serve as substitutes for each other. If the price of bagels rises, the consumers would seek out the cheaper alternative option, which is muffins. This would result in a lower demand for bagels and thus a decrease in their sales. The decrease in demand for bagels …

If Muffins And Bagels Are Substitutes, A Higher Price For Bagels Would Result In A(N) Read More »

Which Of The Following Would Increase In Response To A Decrease In The Price Of Ironing Boards?

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If the price of ironing boards were to decrease, the following would likely increase: Demand A lower price of ironing boards would make them more affordable, leading to an increased demand for the products. This increased demand could come from a variety of sources, including households who may not have previously been able to afford …

Which Of The Following Would Increase In Response To A Decrease In The Price Of Ironing Boards? Read More »

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