Multiple Choice
Which of the following does the law of demand specifically imply?
A) If the product price increases, quantity demanded will decrease.
B) If consumer income increases, quantity demanded will increase.
C) If the product price increases, quantity demanded will increase.
D) If consumer income increases, quantity demanded will decrease.
E) If supply increases, demand will increase.
Correct Answer:

Verified
Correct Answer:
Verified
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