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The Price of Apples Essay title: The Price of Apples The Price of Apples Supply and demand is a fundamental element of Economics. We know that when the price of an item increases, then the demand will decrease. This is the Law of Demand: The higher the price, the smaller the quantity demanded, ceteris paribus.
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Basic Economics Concepts Of DemandConcept Of Price Elasticity Of DemandPrice Of Apples