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Provide an explanation for the answer below. Assume that the price of grapes has risen and sales of this product has dropped. One can conclude
Provide an explanation for the answer below.
Assume that the price of grapes has risen and sales of this product has dropped. One can conclude that
A) the demand for grapes has increased.
B) the supply for grapes has decreased.
C) the law of demand has been violated.
D) the law of supply has been violated.
Answer: B
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