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Which of the following statements about prices and profit is true? a. Higher prices always lead to higher profits. b. Higher prices always lead to

Which of the following statements about prices and profit is true? a. Higher prices always lead to higher profits. b. Higher prices always lead to lower demand and lower profits. c. Higher prices combine with lower demand to change the level of profits. d.. Higher prices will be offset by lower demand so profits will stay const i chose c

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