Economic principle that consumers are willing to consume

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Reference no: EM13685022

The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:

1. Upward slope of the demand curve.

2. Extreme steepness of the demand curve.

3. Downward slope of the demand curve.

4. Interaction of the supply and demand curves.

Reference no: EM13685022

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