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The Law of Demand States That the Quantity Demanded of a Good

Question 170

Multiple Choice

The law of demand states that the quantity demanded of a good and


A) the price of a substitute are positively related
B) its price are inversely related
C) its price are positively related if it is an inferior good
D) the wealth of buyers are positively related
E) its price are inversely related if it is a normal good

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