Multiple Choice
In which statement is the term "demand" used correctly? (1) An increase in the price of eggs will lead to a decrease in the demand for eggs.(2) An increase in the price of eggs will lead to a decrease in the demand for bacon.
A) neither statement
B) the first statement only
C) the second statement only
D) both statements
E) more information is needed
Correct Answer:
Verified
Correct Answer:
Verified
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