Multiple Choice
Which of the following is true for the law of demand?
A) Sellers increase the quantity of a good available as the price of the good increases.
B) An increase in price results from false needs.
C) There is an inverse relationship between the price of a good and the quantity of the good demanded.
D) Prices increase as more units of a product are demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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