An increase in the price of product x causes a decrease in, Business Economics

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An increase in the price of product x causes a decrease in

An increase in the price of product X causes a decrease in the quantity demanded for product X. One basic explanation for this is:

A. The law of increasing opportunity cost

B. The price-elasticity effect

C. The law of supply

D. The law of diminishing marginal utility

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Business Economics: An increase in the price of product x causes a decrease in

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Business Economics: An increase in the price of product x causes a decrease in

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