Multiple Choice
The law of demand refers to the
A) inverse relationship between the price of a good and the willingness of consumers to buy it.
B) price increase that results from an increase in demand for a good of limited supply.
C) inverse relationship between the price of a good and the quantity offered for sale.
D) increase in the quantity of a good available when its price increases.
Correct Answer:
Verified
Correct Answer:
Verified
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