Examlex
Choose the INCORRECT statement.
Decrease in Price
A reduction in the cost at which goods or services are sold, leading to a potential increase in quantity demanded.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price over a specific period.
Increase in Quantity
An increase in quantity refers to a rise in the number of units produced or sold of a particular good or service.
Demand
The amount of a particular product or service that consumers are willing and able to purchase at various prices.
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