If the Price of a Product Decreases, Then the Demand

question 12

True/False

If the price of a product decreases, then the demand curve shifts to the right.

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Definitions:

Freebies

Items or services given away for free, often used as a marketing or promotional tool.

Economists

Professionals who study how societies use resources such as raw materials, labor, and capital to produce goods and services and distribute them among the population.

Gasoline Prices

The cost per unit of gasoline, which varies depending on factors like crude oil prices, taxes, and demand.

Consumers

Individuals or entities that purchase goods and services for personal use and not for manufacture or resale.