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What is the effect of an increase in demand for a product? a.Its price will rise and quantity traded will decrease. b.Its price will rise

What is the effect of an increase in demand for a product?

a.Its price will rise and quantity traded will decrease.

b.Its price will rise and quantity traded will increase.

c.Its price will fall and quantity traded will decrease.

d.Its price will fall and quantity traded will increase.

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