What happens to the quantity of lemons demanded as the price increases?

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1235533

2026-03-26 18:10

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As the price of lemons increases, the quantity of lemons demanded typically decreases. This relationship is described by the law of demand, which states that consumers tend to buy less of a good when its price rises, assuming all other factors remain constant. Higher prices may lead consumers to seek alternatives or reduce their overall consumption of lemons.

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