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The Law of Demand Implies That If Nothing Else Changes

Question 308

Multiple Choice

The law of demand implies that if nothing else changes, there is


A) a positive relationship between the price of a good and the quantity demanded.
B) a negative relationship between the price of a good and the quantity demanded.
C) a linear relationship between price of a good and the quantity demanded.
D) an exponential relationship between price of a good and the quantity demanded.

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