Multiple Choice
Which of the following examples best describes the Law of Demand?
A) When John's income doubles, his telephone bill also doubles.
B) When the price of bread doubles, John's consumption of bread halves.
C) When the price of watches increases, a local manufacturer starts offering more watches for sale.
D) When a new anti-tobacco commercial is released, the consumption of tobacco products decreases sharply.
Correct Answer:
Verified
Correct Answer:
Verified
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