If the price of seiko wristwatches increases from 125 to, Ask an Expert

Economics

If the price of Seiko wristwatches increases from $125 to $200 and as a result the number of Seiko wristwatches purchased decreases, then:

a. an increase in demand has occurred.

b. a rightward shift of the demand curve will result.

c. there has been a decrease in the quantity demanded.

d. none of the above.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236274

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