What do you expect to happen to the price of the good

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Question: Suggest one consumer good or service for which, in the last 10 to 15 years, consumers' preference has actually increased, and still, the price has decreased. Based on all the demand and supply determinants we learned in this topic, please discuss the possible reasons for the decrease in the price of your suggested good. Based on the current market conditions and economy, what do you expect to happen to the price of the good you suggested in the next decade?

Reference no: EM133714223

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