Multiple Choice
Which statement is a CORRECT description of the law of demand?
A) As prices of a good rise, the quantity supplied of that good rises.
B) As prices of a good fall, the quantity demanded of that good rises.
C) As prices of a good rise, the demand curve shifts to the left.
D) There is a positive relationship between the price of a good and the quantity demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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