What is reason people are buying spam due to price reduction

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Reference no: EM13233718

In an article regarding the sales of SPAM (the food product) it says "sales are growing by double digits". Is the reason people are buying more Spam due to a price reduction or a change in one of the determinants of demand? Would an economist describe this as an increase in the quantity demand? How would you graph this event?

Reference no: EM13233718

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