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Kgothatso Mampholo
on Nov 17, 2024

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An increase in demand will cause an increase in price, which will cause an increase in quantity supplied.

Increase in Demand

A rise in the quantity of a good or service that consumers are willing and able to purchase at each price point.

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a specific price point.

  • Ascertain the effects of supply and demand alterations on equilibrium in the market.
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watsup butholesNov 19, 2024
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