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A low demand for a product equals
A. higher prices B. lower prices C. the same price D. none of the above
When demand for a product is low, the laws of supply and demand suggest that the prices for that product will typically be lower. This is because sellers want to attract more buyers to purchase the product, and one way to do that is by reducing the price. If fewer people are interested in buying the product, prices decrease to stimulate demand. Hence, the correct answer is:
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