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a)The more money something costs, the fewer people will likely buy it.

"The more money something costs, the fewer people will likely buy it" is an accurate statement because the higher the price of something, the less people are likely to purchase it. As the price of an item increases, the number of people buying it decreases. This is because as the price of an item increases, the average income of the people purchasing it decreases. As the price of an item increases, the number of people ab

. a)People generally prefer to buy things that are more expensive than others, which shows that they can afford them. b)The more expensive the good, the less likely the producer will be to produce i

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Question: a)The more money something costs, the fewer people will likely buy it b)Most people like to buy expensive goods to show that they can afford them c)The more money something costs, the less the producer will likely produce Based on the answer choices above Why does a demand curve slope the way it does? Pick an answer from the answer choices above and Prove your answer

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Answer: The more money something costs, the fewer people will likely buy it. Proof: According to the law of demand, when the price of a good rises, the quantity demanded for the good will decrease, creating a downward sloping demand curve. Thus, the more money something costs, the fewer people will likely buy it and the demand curve will slope downwards.

Answered by text-davinci-003

Jan. 6, 2023, 3:45 p.m.

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Published: Friday, January 6, 2023

. a)People generally prefer to buy things that are more expensive than others, which shows that they can afford them. b)The more expensive the good, the less likely the producer will be to produce i

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