When a coffee shop cuts the price of bagels, the people want
to buy more bagels and this is true because the:
This refers to the economic principle whereby the demand for a product leads to the price of the product which in turn will lead to either an increase or decrease in supply.
With this in mind, if there is a reduction in price of bagels, this would lead to an increased demand as the people wants to get the product at cheaper price which would lead to an increase in supply.
Read more about demand and supply here:
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