Multiple Choice
Which of the following is consistent with the law of demand?
A) An increase in the price of a cola causes a decrease in the quantity of cola demanded.
B) A decrease in the price of juice causes no change in the quantity of juice demanded.
C) A decrease in the price of a litre of milk causes a decrease in the quantity of milk demanded.
D) An increase in the price of a DVD causes a decrease in the demand for DVDs.
Correct Answer:
Verified
Correct Answer:
Verified
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