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Which of the Following Is NOT True of the Law

Question 148

Multiple Choice

Which of the following is NOT true of the law of demand?


A) It is based on the cost-benefit principle.
B) It predicts a negative relationship between costs and benefits.
C) It applies only to monetary costs.
D) It predicts that consumers will purchase a smaller quantity of a good as the price of that good increases.
E) It requires demand curves to be downward-sloping.

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