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Following the law of demand, if the U.S. Postal Service raises the price of first-class mail, ceteris paribus , what will happen to the demand
Following the law of demand, if the U.S. Postal Service raises the price of first-class mail, ceteris paribus, what will happen to the demand for postage stamps?
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Demand will increase.
Demand will decrease.
Demand will be unchanged, but quantity demanded will fall.
Demand will be unchanged, but quantity demanded will rise.
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