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As the Price of Sugar Increases, the Demand for Sugar

question 79

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As the price of sugar increases, the demand for sugar remains the same. When the demand for sugar does not change when the price goes up, it is called:


Definitions:

Competitive

The condition of the market in which businesses or sellers independently strive for consumers' patronage to gain a profit.

American Industry

Refers to the manufacturing and economic sectors that drive the United States’ economy, encompassing a wide range of goods and services.

Air Pollution

The presence of harmful substances in the air that can cause health issues for living organisms and damage the environment.

Business Firm

An organization engaged in commercial, industrial, or professional activities, aiming to generate profits by offering goods or services.

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