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When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes the

Respuesta :

Answer:

Describes the inverse relationship.

Explanation:

This describes the inverse relationship between price and purchasing power. If the price of a commodity increase then the purchasing power of a consumer decreases automatically. If the price of the commodity decreases then the consumer's purchasing power increases which means the consumer is able to buy more commodity with the same income.

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