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The downward slope of the demand curve again illustrates the pattern that as RISES. decreases. quantity supplied, quantity demanded quantity demanded, price O price, quantity
The downward slope of the demand curve again illustrates the pattern that as RISES. decreases. quantity supplied, quantity demanded quantity demanded, price O price, quantity supplied O price, quantity demandedScarcity implies that: consumers would be willing to purchase the same quantity of a good at a higher price. consumers are too poor to afford the goods and services available. it is impossible to completely fulfill the unlimited human desire for goods and services with the limited resources available. O at the current market price, consumers are willing to purchase more of a good than suppliers are willing to produce
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