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Question 2
"When gas prices rise, demand for gas will decrease." This quote is:
Incorrect: price changes quantity demanded, not demand.
O Correct: price and quantity are directly related in the law of demand.
O Incorrect: a price increase will increase quantity supplied, not demand.
Incorrect: a price increase causes an increase in demand, not a decrease.

Respuesta :

ayfat23

When gas prices rise, demand for gas will decrease the price changes quantity demanded.

How will increase in price of the gas affect demand?

When there is an  Increases in the price of natural gas supply, then it will result to decrease in the demand of the the gas, because of the higher price.

However, there will be  decreases in supply which could have resulted from the high prices.

Learn more about demand at:

https://brainly.com/question/1245771

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