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    Macroeconomics Study Set 41
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    Exam 3: Demand and Supply
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    The Law of Demand States That the Quantity of a Good
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The Law of Demand States That the Quantity of a Good

Question 111

Question 111

Multiple Choice

The law of demand states that the quantity of a good demanded varies


A) inversely with its price.
B) directly with population.
C) inversely with the price of substitute goods.
D) directly with income.

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