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A - Increase in demand for the product. B - Decrease in quantity demanded of the product. C - Decline in available labor. D - Increase in interest rates.
B - Decrease in quantity demanded of the product.
In a compitative market there is a presence of many competitors. The equilibrium of their suplies and demand in the market dictates the price. Price and demand are directly related. So when demand tends to fall the competitors to grab alarger share of the market would reduce the price.
