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The "Law of Demand" States That, Other Thing Remaining the Same

Question 192

Multiple Choice

The "law of demand" states that, other thing remaining the same, the higher


A) the price of a good, the lower is the demand for this good.
B) consumers' incomes, the greater is the demand.
C) the price of a good, the higher is the quantity demanded.
D) the price of a good, the smaller is the quantity demanded.

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