Multiple Choice
If the price of chicken rises from $1.25 per pound to $1.75 per pound, and the quantity demanded goes from 250 pounds per day to 175 pounds per day, this illustrates
A) the law of diminishing returns.
B) the law of supply.
C) the law of demand.
D) the law of supply and demand.
Correct Answer:
Verified
Correct Answer:
Verified
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